LISTEN: Utah financial advisor on Dow closing record

Jan 22, 2024, 3:19 PM | Updated: Feb 26, 2024, 12:11 pm

wall street and broad signs shown...

File - A sign at the intersection of Broad and Wall streets is shown outside the New York Stock Exchange, Monday, Dec. 11, 2023, in New York. (Yuki Iwamura/Associated Press)

(Yuki Iwamura/Associated Press)

Sound up for our 3:45 interview with DMBA’s Shane Stewart.


New York (CNN) — Stocks gained on Monday, building on last week’s gangbusters rally, with the Dow crossing the 38,000 mark for the first time ever.

The Dow rose 138 points, or 0.4%, ending the day at 38,001.81. The S&P 500 gained 0.2% and the Nasdaq Composite added 0.3%.

The S&P 500 also closed at an all-time high, reaching 4,850.43.

Year-end price targets for the Dow range from 34,000 to 45,000, according to Capex.

The S&P 500 on Friday entered bull market territory, rallying more than 20% off its lows and hitting a new record.

Elsewhere, Macy shares added 3.6% after the company over the weekend rejected a $5.8 billion bid from Arkhouse Management and partner Brigade Capital Management to take the company private.

Spirit Airlines shares popped 19.5% after the company and JetBlue on Friday filed an appeal of the ruling blocking their planned merger. JetBlue shares gained 0.2%.

Archer-Daniels-Midland shares slid 24.2% after the company placed its chief executive on leave and trimmed its earnings forecast after launching a probe into its accounting practices.

™ & © 2024 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.


An image of Haven Bay elementary school, still under construction....

Emma Keddington

Two Weber County schools may not open in time for upcoming school year

Two Weber County schools, West Field High School and Haven Bay Elementary are still in a construction phase. School starts August 21.

2 hours ago

The Utah State Correctional Facility in Salt Lake City is pictured on Friday, Aug. 25, 2023. Salt L...

Eric Cabrera

New center helps inmates transition back into society

To help fight against homelessness, Salt Lake County is making a housing center to aid inmates in the transition from jail.

9 hours ago

Utah's olympic delegation headed to Paris Monday, July 22 to present their pitch to host the 2034 W...

Aimee Cobabe

Utah Olympic delegation jets off to Paris

Utah’s Olympic delegation to Paris is on its way to make one final pitch to host the 2034 Winter Olympics.

13 hours ago

days of 47 parade shown, pioneer day road closures expected...

Sam Herrera

Expect road closures in downtown Salt Lake on Pioneer Day

Salt Lake City Police are advising people to plan ahead for Pioneer Day road closures in downtown SLC.

13 hours ago

An aerial shot shows the blue waters of Quail Creek Reservoir....

Mariah Maynes

Hiker dies of heat exhaustion in Hurricane

Hurricane City Police responded to a call from a distressed hiker who ran out of water Sunday. She died of heat exhaustion.

18 hours ago

cars drive along guardsman pass...

Mariah Maynes

Guardsman Pass to close for road repavement

A portion of Guardsman Pass will close on July 29 for repavement, according to UDOT.

19 hours ago

Sponsored Articles

A young woman smiles while reading the menu at a lakeside restaurant, enjoying the panoramic view o...

Bear Lake Convention & Visitors Bureau

The best restaurants to try in Bear Lake

Save this guide to the best restaurants in Bear Lake when you need to find a place to dine during your next visit.

Female leg stepping on weigh scales. Healthy lifestyle, food and sport concept....

Health Utah

Sustainable weight loss: the science-backed way to achieve it

Learn more about Debbie's weight loss journey with Health Utah, who have a unique weight loss philosophy for success.

Underwater shot of the fisherman holding the fish...

Bear Lake Convention and Visitors Bureau

Your Bear Lake fishing guide

Bear Lake offers year-round fishing opportunities. By preparing ahead of time, you might go home with a big catch!

A group of people cut a purple ribbon...


Comcast announces major fiber network expansion in Utah

Comcast's commitment to delivering extensive coverage signifies a monumental leap toward a digitally empowered future for Utahns.

a doctor putting her hand on the chest of her patient...

Intermountain Health

Intermountain nurse-midwives launch new gynecology access clinic

An access clinic launched by Intermountain nurse-midwives provides women with comprehensive gynecology care.

Young couple hugging while a realtor in a suit hands them keys in a new home...

Utah Association of Realtors

Buying a home this spring? Avoid these 5 costly pitfalls

By avoiding these pitfalls when buying a home this spring, you can ensure your investment will be long-lasting and secure.

LISTEN: Utah financial advisor on Dow closing record