March 19, 2024

Daily Wrap

While the markets were open today, the volume clearly lends to be a “holiday” style trading session with the SPDRs SPY not reaching 100M shares traded.  While overall a lack-luster day, the S&P limped higher by $0.18 to 1380.03 while the Nasdaq & Dow closed lower $0.62 to 2904.26 and $0.31 to 12815.08 respectively. Giving us a feel of the Bull market days we had an old school “merger Monday” with 2 well known names going out including Jefferies (JEF) closing up over 14% on a takeover by Leucadia National (LUK) and Titanium Metals (TIE) gained over 40% after receiving…