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By Staff Reporters
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SPONSOR: http://www.MarcinkoAssociates.com
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| The Markets as of 10:00am ET. Here’s what these numbers mean. |
| Markets: One week into 2024, stocks and bonds are off to their worst start in 21 years as investors maybe got a bit ahead of their skis in anticipating Fed rate cuts. This week, Wall Street will be focused on fresh inflation data and the beginning of Q4 earnings season. |
Bitcoin ETF cleared for launch? The first spot bitcoin ETF—could be approved by regulators this week in what would be a watershed moment for Wall Street’s embrace of digital tokens. The hype around these proposed funds, which would allow regular investors to gain exposure to bitcoin without buying it directly, drove bitcoin’s price up 162% over the past year.
Here is where the major benchmarks ended:
- The S&P 500 Index was up 84.15 points (1.9%) at 4,495.70; the Dow Jones Industrial Average (DJI) was up 489.83 points (1.4%) at 34,827.70; the NASDAQ Composite (COMP) was up 326.64 points (2.4%) at 14,094.38.
- The 10-year Treasury note yield (TNX) was down about 18 basis points at 4.453%.
- CBOE’s Volatility Index (VIX) was down 0.60 at 14.16.
The small-cap focused Russell 2000 Index (RUT), which has lagged large-cap benchmarks for most of the year, jumped more than 5% Tuesday. Small-caps are often seen as being more exposed to the economic cycle and had suffered because of concerns that high interest rates could push the economy into recession.
Other interest rate-sensitive sectors, such as real estate, materials, and utilities, also saw outsize gains.
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Filed under: Alternative Investments, Experts Invited, Financial Planning, Funding Basics, Glossary Terms, Investing, Touring with Marcinko | Tagged: Bitcoin, COMP, crypto, crypto-currency, digital tokens, DJIA, earnings season, ETFs, inflation, interest rate, Marcinko, markets, metals, Morning Brew, NASDAQ, real estate, Russell Index 2000, RUT, S&P 500, stock markets, TNX, utilities, VIX, Wall Street | Leave a comment »
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