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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.
Markets
Here are today's market moves:
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/64ac9b70-9ff2-46c5-a354-cccb259ceb1b/IMG_3865.jpeg?t=1711676776)
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.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/0eb5f689-8529-4da9-a924-79bb715453ca/IMG_3874.jpeg?t=1711679653)
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
FTX founder Sam Bankman-Fried is sentenced to 25 years in prison.
The S&P 500 is currently up 27% from its October 2023 low.
The Dow Jones is approaching the 40,000 level for the first time ever.
What Else?
THREAD: 10 significant lies you're told about the world.
On startups, writing, and your career:
— Julian Shapiro (@Julian)
8:19 PM • Jan 9, 2021
Jeff Bezos on how to deal with stress.
— Jon Erlichman (@JonErlichman)
12:04 AM • Mar 27, 2024
Your most valuable assets will be the same in twenty years:
- a healthy, fit body that shows discipline
- a clear mind that shows ambition, curiosity
- a loving family and loyal friends who care
- the freedom to live on your own terms
- a meaningful purpose that makes you grow— Orange Book 🍊📖 (@orangebook_)
2:22 PM • Mar 10, 2024