The Dividend Cafe - The Dividend Cafe Tuesday - April 23, 2024

Episode Date: April 23, 2024

A daily summary of key market data and economic nuggets. Reach out with questions anytime! Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Welcome to the Dividend Cafe, weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life. Hello and welcome to the new Dividend Cafe's daily market recap. Today is Tuesday, April the 23rd. The Dow was up 264 points today. That is 0.69%. The S&P was up 1.2%. NASDAQ up 1.59%. This comes after the big sell-off of late last week. As a little recovery is on the horizon, communication services being the best performing sector today, up nearly 2%. The only negative sector on the day was materials, down 84 basis points. A little risk-off day in the markets with a tech-heavy result. The 10-year bond yield closed at 4.6%, down two basis points. Crude oil was up one and a three quarter percent at 83.32.

And in economic news, new home sales were up 8.8% last month. That is single family residents saw an 8.8% increase in sales volume. Volume has picked up a bit the last two months, but obviously off of very anemic levels. And then finally, the FTC, the Federal Trade Commission, ruled that the non-compete clauses that many companies have for their employees that bar them from looking at new jobs, that those will be outlawed. So a potentially big change in some of the labor law regulation, the FTC outlawing non-compete clauses that restrict people from switching jobs. The point of this daily market recap is to keep it quick and succinct with a summary for you. Go to DividendCafe.com for the Ask TBG with your

thoughtful questions fully answered by myself and Brian every day. And we look forward to more questions coming from you. Brian will bring you the Daily Market Recap tomorrow, Wednesday. Thank you for listening to the Dividend Cafe Daily Market Recap. The Bonson Group is a group of investment professionals registered with Hightower Securities LLC, member FINRA and SIPC, and with Hightower Advisors LLC, a registered investment advisor with the SEC. Securities are offered through Hightower Securities LLC. Advisory services are offered through Hightower Advisors LLC. This is not an offer to buy or sell securities. No investment process is free of risk. There is no guarantee that the investment process or investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee.

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