As of the afternoon of April 9, 2024, the stock market is showing mixed results, with certain indexes slightly up and others experiencing minor declines. The DJIA (Dow Jones Industrial Average) decreased by nearly 1% to 38,758.66 as of writing. The S&P 500 is down approximately .25%, currently trading at 5,187.57. In contrast, the NASDAQ Composite Index decreased slightly by approximately 20 points and is trading at 16,231.99 as of writing.
For the week leading up to April 9, the stock market saw varying degrees of activity across different sectors and stocks. The magnificent 7 stocks in particular, which have been driving the market throughout 2024, have been maintaining their gains or have been advancing up the charts.
In terms of market sectors, the market has also been mixed. The Vanguard Real Estate ETF (VNQ) for example, has increased over 2% in the last week, while the Energy Select Sector SPDR Fund (XLE) has remained relatively flat. The Vanguard Financials Index Fund ETF (VFH) was on the decline in the last week by about .5%.
Overall, markets are relatively neutral, and It reflects the ongoing adjustments in terms of investor sentiment and market conditions, which has been influenced by a range of factors including economic data, corporate earnings, and geopolitical events. Investors stand on watch for any possible Federal reserve policy updates or major events, especially as the election is fast approaching in November.
