Another leap year means another "leap day" has come and gone, and major US stock indices closed the extra day on a high note. The Dow Jones Industrials, the S&P 500 and the NASDAQ Composite all finished the extended month in the green - continuing their strong start to 2024 in which both the Dow and S&P in particular have passed notable milestones on a closing basis (38,000 and 5,000, respectively).
Did you know, this was the first leap day of trade since 2016? The last leap day (February 29, 2020) came on a Saturday, so the last official day of trade that fell on a leap day was February 29, 2016. On that day, the Dow and S&P both closed down, while the NASDAQ Composite finished in positive territory.
Looking at our Global Market Watch, the Reversal System and Timing Arrays we can see an interesting picture unfolding across a number of global financial markets heading further into an election year.
Are markets heading for a change in direction in the coming weeks and months, or will they continue on their current trend over the long-term? Log in, do your research, and prepare for what's coming.
Not a Socrates Platform member yet? Click to learn about our plans or sign up today!
Important: Socrates is not a financial service, we do not provide financial advice or recommendations. The platform serves as a research tool for informational and educational purposes only.
