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March 12th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
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MARKET MIRROR |
Monday, the Dow rose 46.97 points (0.12%) to close at 38,769.66, the Nasdaq fell 65.84 points (0.41%) to close at 16,019.27 and the S&P 500 fell 5.75 points (0.11%) to close at 5,117.94. The Russell 2000 fell 16.83 points (0.81%) to close at 2,065.88, and the FT Wilshire 5000 Index fell 91.35 points (0.18%) to close at 51,524.04.
The 10-year Treasury note fell 2/32, bringing the yield to 4.102%. The 30-year Treasury bond fell 1/32, bringing the yield to 4.261%.
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ON THIS DATE: In 1804, Samuel Chase became the first (and, so far, only) U.S. Supreme Court justice to be impeached: he was acquitted on all accounts and continued as a justice until his death in 1811. In 1922, novelist and poet Jack Kerouac—a leader of the Beat movement perhaps best known for the novel “On the Road”—was born. In 1930, Mahatma Gandhi, leader of the Indian nationalist movement, began the Salt March, a nonviolent protest against British rule. In 1933, President Franklin D. Roosevelt gave his first fireside chat; the radio addresses became a source of hope and security for Americans during the Great Depression and World War II. In 1940, Finland agreed to Soviet peace terms, including the cession of western Karelia and the construction of a Soviet naval base on the Hanko Peninsula, to end the Russo-Finnish War. In 1947, President Harry S. Truman articulated what became known as the Truman Doctrine when he asked Congress to appropriate aid for Greece and Turkey, both of which were facing communist threats. The same year, businessman and politician Mitt Romney, a Republican who served as governor of Massachusetts from 2002 to 2006 and was the Republican nominee for president in 2012 was born. In 1948, singer, songwriter and guitarist James Taylor was born. In 1993, lawyer and public official Janet Reno was sworn in as U.S. attorney general, becoming the first woman to hold the office. In 1999, Poland, Hungary and the Czech Republic became members of the North Atlantic Treaty Organization shortly before the group’s 50th anniversary. In 2003, the World Health Organization issued a worldwide health alert, one of the first in a decade, regarding an illness it later called severe acute respiratory syndrome, which resulted in the death of hundreds of people in China, Hong Kong and Vietnam. In 2009, hedge fund investment manager Bernie Madoff pled guilty to various crimes related to his operation of a Ponzi scheme that was one of the largest in the world; he was sentenced to 150 years in prison. In 2015, architect and designer Michael Graves, one of the principal figures of the postmodernist movement, died at age 80.
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