Stock Market Update Wednesday March 27, 2024
Stock Market Update Wednesday March 27, 2024 With the market closed for Good Friday, we are witnessing light volume trading today and tomorrow, resulting in a choppy midday trading session. The Nasdaq maintained its flat trajectory, while the Dow and S&P recorded modest gains. However, in the afternoon, the market underwent a substantial surge, ultimately closing at an all-time high.
Tomorrow Macro News
3/28 8:30 am ET: 4QT 2023 GDP
3/28 10:00 am ET: Michigan Sentiment and Inflation Expectation
Away From Stocks: The dollar remained relatively stable, showing minimal movement, while fixed income experienced a slight increase. In the metals sector, silver prices rose by 0.75%, reflecting a similar uptick in gold prices. Moreover, the performance of mining companies stood out during this period, demonstrating notable strength.
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