Stock Market Today: February 19th - 23rd, 2024

Top of the morning StonkForumers! Happy Friday to all of you and welcome to the final trading day of the week and a frrrrrrrrrrrresh start. Here is a quick check on those futures as we are under an hour into the US cash market open.

GLTA on this Friday, February the 23rd, 2024!

 

Morning Lineup -- 2/23/24
Fri, Feb 23, 2024

The S&P 500 rose more than 2% yesterday to close at a new all-time high, and as shown below, yesterday's move pushed most areas of the US equity market up into extreme overbought territory.



Similar to the Nasdaq 100, yesterday was also the first time the S&P 500 had a one-day gain of at least 2% to close at a new all-time high since March 21st, 2000!

The green dots below show the 21 prior times the S&P had a 2%+ gain and closed at an all-time high since 1952. Yep, there have only been 21 prior occurrences over the last 70+ years.

 

Here is a final look at today's market and futures maps, as well as how each sector performed individually at the close on Friday, February 23rd, 2024.