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January 30th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
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| MARKET MIRROR |
Monday, the Dow rose 224.02 points (0.59%) to close at 38,333.45, the Nasdaq rose 172.68 points (1.12%) to close at 15,628.04 and the S&P 500 rose 36.96 points (0.76%) to close at 4,927.93. The Russell 2000 rose 33.09 points (1.67%) to close at 2,011.42, and the FT Wilshire 5000 Index rose 421.20 points (0.86%) to close at 49,670.33.
The 10-year Treasury note rose 27/32, bringing the yield to 4.079%. The 30-year Treasury bond rose 32/32, bringing the yield to 4.317%.
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ON THIS DATE: In 1847, previously known as Yerba Buena—the name of a plant, meaning “good herb”—San Francisco was renamed to its current name. In 1911, trumpeter Roy Eldridge, one of the great creative musicians of the 1930s, was born in Pittsburgh. In 1912, Barbara Tuchman, one of the foremost popular historians in the U.S. in the second half of the 20th century and a two-time Pulitzer Prize winner, was born. In 1931, the silent romantic-comedy film “City Lights” had its world premiere, and it is considered by many to be Charlie Chaplin’s crowning cinematic achievement. In 1933, President Paul von Hindenburg named Adolf Hitler chancellor of Germany. In 1941, politician Dick Cheney—who held various government offices, most notably the U.S. vice presidency—was born. In 1945, the greatest maritime disaster in history occurred as the German ocean liner Wilhelm Gustloff was sunk by a Soviet submarine, resulting in the deaths of an estimated 9,000 people. In 1948, Indian leader Mahatma Gandhi—considered the father of his country and internationally esteemed for his doctrine of nonviolent protest to achieve political and social progress—was assassinated. In 1972, a demonstration by Roman Catholic civil rights supporters in Londonderry, Northern Ireland, turned violent when British paratroopers opened fire, killing 13 and injuring 14 others (one of the injured later died); Bloody Sunday, as it became known, precipitated an upsurge in support for the Irish Republican Army. In 1995, flooding forced the evacuation of more than 100,000 people from low-lying areas of the Netherlands. In 2011, California became the first state to celebrate Fred Korematsu Day, which honored the Japanese American activist who was convicted in 1942 of violating an exclusion order requiring him to relocate; his subsequent legal appeals were denied.
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