March 28, 2024

Daily Wrap

DJIA -98.99 (-0.74%) to 13,251.97; S&P 500 -10.98 (-0.76%) to 1,435.81; NASDAQ -10.17 (-0.33%) to 3,044.36; Today started off like it was going to be a tight, low volume consolidation day that held the 76% fib but slightly after the lunch time lull the market started to move toward the lows of the day and then after 2pm est really picked up speed to the downside.  We closed just above the prior resistance and now theoretical support of 1434. General Motors (GM) is a stock of the day today reminiscent of a previous stock of the day AIG because GM…