• Mon. May 27th, 2024

Midday Rally on U.S. Equities: A Close Look at the Markets on March 26, 2024

BySamantha Jones

Mar 27, 2024
Top Companies: McCormick, Seagate Technology, Tesla, and Others

On Tuesday, March 26, 2024, U.S. equities saw a midday rally after reversing a decline from the previous day. This was prompted by a report that showed durable goods orders had grown in February. McCormick & Company led the gains on the S&P 500, with the spice maker surpassing profit and sales estimates due to higher prices. Additionally, shares of Tesla rose as CEO Elon Musk announced a one-month free trial of their driver-assist system.

The overall market sentiment was positive, with the Dow, S&P 500, and Nasdaq all trading higher. Seagate Technology also saw gains after an upgrade from Morgan Stanley, citing potential margin boosts from increased demand for artificial intelligence. However, 3M experienced a decline as they announced nearing a settlement for litigation regarding military earplug claims.

In terms of commodities and currencies, oil futures, gold futures, and the yield on the 10-year Treasury note remained stable. The U.S. dollar strengthened against the euro, pound, and yen while trading in major cryptocurrencies showed mixed results.

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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