STOCK MARKET WATCH: Tuesday, 2 January 2024

[Tansy_Gold]

STOCK MARKET WATCH: Tuesday, 2 January 2024

Previous SMW:
SMW for 29 December 2023



AT THE CLOSING BELL ON 29 December 2023


Dow Jones 37,689.54 -20.56 (0.055%)
S&P 500 4,769.83 -13.52 (0.28%)
Nasdaq 15,011.35 -83.78 (0.56%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:






(Awaiting new links)


Gold & Silver:

(Awaiting new links)


Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

It was the Dover road that lay, on a Friday night late in November, before the first of the persons with whom this history has business. The Dover road lay, as to him, beyond the Dover mail, as it lumbered up Shooter's Hill. He walked up hill in the mire by the side of the mail, as the rest of the passengers did; not because they had the least relish for walking exercise, under the circumstances, but because the hill, and the harness, and the mud, and the mail, were all so heavy, that the horses had three times already come to a stop, besides once drawing the coach across the road, with the mutinous intent of taking it back to Blackheath. Reins and whip and coachman and guard, however, in combination, had read that article of war which forbade a purpose otherwise strongly in favour of the argument, that some brute animals are endued with Reason; and the team had capitulated and returned to their duty.

Charles Dickens. A Tale of Two Cities: A Story of the French Revolution. Chapman & Hall. © 1859.

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. First days of the year are often tentative

People who deferred their tax losses into the New Year make the dump on the first trading day. Buyers wait for that to clear. Sometimes the sour mood continues for a few days, or ten days. That being said tax losses were few last year because the market ran up to all time highs.

A new year that begins with a rally sees a pullback late January.

[MLAA]

2. Thank you for posting!