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March 28: Market Summary

Q1 Wrap Up

Mar 28, 2024

Good afternoon. Markets climb, the S&P 500 had its best Q1 since 2019, and Sam Bankman-Fried is sentenced to 25 years.

Let's dive in.


Here are today's market moves:

What's Happening

  • U.S. stocks climbed on Thursday to close out a strong first quarter.

  • The S&P 500 rose 10.2% in Q1, its best start to a year since 2019.

  • The U.S. stock and bond markets will be closed tomorrow for Good Friday.

  • The crypto market is climbing, with Bitcoin hovering near $70k. The Bitcoin halving is a few weeks away.

Catch Up

  1. FTX founder Sam Bankman-Fried is sentenced to 25 years in prison.

  2. The S&P 500 is currently up 27% from its October 2023 low.

  3. The Dow Jones is approaching the 40,000 level for the first time ever.

What Else?