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Current Market News & Review – Week Ending Mar 08, 2024

Posted by Daniel Iuculano on March 09, 2024 - 12:19pm


Current Market News & Review – Week Ending Mar 08, 2024

 

Current

Prior

As of date

Trend

Dow Jones Index

38,722.69

39,087.38

Mar 08 2024

Down

Nasdaq Index

16,085.11

16,274.94

Mar 08 2024

Down

S&P 500 Index

5,123.69

5,137.08

Mar 08 2024

Down

Wilshire 5000 Index

51,615.40

51,725.80

Mar 08 2024

Down

Market Volatility Index

14.74

13.11

Mar 08 2024

Up

Inflation

3.09

3.35

Dec  2023

Down

Savings I Bonds

5.27 %

4.30 %

Effective end of Apr 2024

Up

Savings EE Bonds

2.70 %

2.50 %

Effective end of Apr 2024

Up

1 yr. CD

1.73 %

1.73 %

Mar 08 2024

Down

Crypto Currencies

 

Current

Prior

As of date

Trend

Bitcoin - BTC

$ 68,379.05

$ 62,041.32

Mar 09 2024

Up

Ethereum - ETH

$   3,912.62

$   3,424.45

Mar 09 2024

Up

Only bright star this week was crypto’s as the major indices dropped this week with an increase in volatility. Bitcoin gets halved next month which has increased the value of bitcoin along with the SEC approval of ETF’s that hold bitcoin.

 Index SPY – YTD decreased to 7.70 %, one year at 30.26 %, three years at 11.92 % and five year annualized return is standing at 15.14 %.