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By Staff Reporters
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SPONSOR: http://www.MarcinkoAssociates.com
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MANY THANKS E.R. HEROES
The holidays can be a stressful time for many, especially emergency healthcare workers, as Emergency Departments and ERs tend to get crowded. Holiday-related injuries spike in December, from slipping in the snow or falling while decorating to overindulging in holiday cocktails. So, to all the emergency healthcare providers working on holidays this year, the ME-P thanks you very much.
Here’s where the major benchmarks ended:
- The S&P 500 index was up 63.39 points (1.4%) at 4,707.09; the Dow Jones Industrial Average was up 512.30 points (1.4%) at 37,090.24; the NASDAQ Composite was up 200.57 points (1.4%) at 14,733.96.
- The 10-year Treasury note yield (TNX) was down about 18 basis points at 4.024%.
- The CBOE® Volatility Index (VIX) was up 0.14 at 12.21.
Financial shares led Wednesday’s gainers, reflecting ideas that lower interest rates will boost profit margins for banks. The KBW Regional Banking Index (KRX) surged nearly 6% and ended at its highest level in over four months. The Fed’s outlook for slower growth in 2024, but no recession, also appeared to drive optimism among smaller companies, which are considered to have greater exposure to economic downturns. The small-cap Russell 2000® Index (RUT) outpaced its bigger counterparts, gaining 3.5% and ending at a four-month high.
Treasury yields fell sharply, with the 10-year note dropping to a four-month low just above 4%.
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Filed under: Alternative Investments, Financial Planning, Funding Basics, Glossary Terms, Investing, Touring with Marcinko | Tagged: banks, DJIAm, emergency department, emergency room, energy, ER, FED IRs, FOMC, gold, inflation, KBW, KRX, Marcinko, markets, metals, NASDAQ, oil, real-estate, Russell Index 2000, RUT, S&P 500, stock markets, TNX, Treasury yields, utilities | Leave a comment »
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