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February 8th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
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MARKET MIRROR |
Wednesday, the Dow rose 156.00 points (0.40%) to close at 38,677.36, the Nasdaq rose 147.65 points (0.95%) to close at 15,756.64 and the S&P 500 rose 40.83 points (0.82%) to close at 4,995.06. The Russell 2000 fell 3.27 points (0.17%) to close at 1,950.36, and the FT Wilshire 5000 Index rose 377.70 points (0.76%) to close at 50,149.16.
The 10-year Treasury note fell 2/32, bringing the yield to 4.122%. The 30-year Treasury bond fell 4/32, bringing the yield to 4.326%.
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ON THIS DATE: In 1820, Civil War General William Tecumseh Sherman—who was a major architect of modern warfare, especially known for leading Union forces in crushing campaigns through the South—was born. In 1867, the Ausgleich—“Compromise”—established the Dual Monarchy of Austria-Hungary. In 1887, the U.S. passed the Dawes General Allotment Act, providing for the distribution of Native American reservation land among indigenous individuals; Senator Henry L. Dawes sponsored the bill. In 1915, the film “The Birth of a Nation,” premiered. Initially hailed for filmmaking innovations, the film was condemned for its overt racism and positive portrayal of Ku Klux Klan domestic terrorists. In 1920 or 1921, actor Lana Turner, a sultry Hollywood glamour queen with a tumultuous private life, was born. In 1931, actor James Dean, who became a symbol of the confused, restless and idealistic youth of the 1950s, was born. In 1974, the use of Skylab, a U.S. space station, ended after 171 days. In 1976, the film “Taxi Driver,” directed by Martin Scorsese, had its world premiere; the drama was especially known for the performance of Robert De Niro as a mentally unstable Vietnam War veteran. In 1999, British novelist and philosopher Dame Iris Murdoch—who wrote more than 25 novels that were distinguished by a mixture of vivid storytelling, cultural allusions and complex philosophical inquiry—died at age 79. In 2016, French ballet dancer and dance director Violette Verdy, known for her eloquent and buoyant dancing, died at age 82.
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