{"id":24712,"date":"2025-03-24T09:43:23","date_gmt":"2025-03-24T14:43:23","guid":{"rendered":"https:\/\/www.eoption.com\/mid-morning-look-march-24-2025\/"},"modified":"2025-03-24T09:43:23","modified_gmt":"2025-03-24T14:43:23","slug":"mid-morning-look-march-24-2025","status":"publish","type":"post","link":"https:\/\/www.eoption.com\/mid-morning-look-march-24-2025\/","title":{"rendered":"Mid-Morning Look: March 24, 2025"},"content":{"rendered":"\n
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Mid-Morning Look<\/span><\/b><\/p>\n

Monday, March 24, 2025<\/span><\/b><\/p>\n\n\n\n\n\n\n\n
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Index<\/span><\/p>\n<\/td>\n

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Up\/Down<\/span><\/p>\n<\/td>\n

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%<\/span><\/p>\n<\/td>\n

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Last<\/span><\/p>\n<\/td>\n<\/tr>\n

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DJ Industrials<\/span><\/b><\/p>\n<\/td>\n

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540.74<\/span><\/p>\n<\/td>\n

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1.28%<\/span><\/p>\n<\/td>\n

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42,524<\/span><\/p>\n<\/td>\n<\/tr>\n

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S&P 500<\/span><\/b><\/p>\n<\/td>\n

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87.02<\/span><\/p>\n<\/td>\n

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1.52%<\/span><\/p>\n<\/td>\n

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5,753<\/span><\/p>\n<\/td>\n<\/tr>\n

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Nasdaq<\/span><\/b><\/p>\n<\/td>\n

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348.61<\/span><\/p>\n<\/td>\n

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1.96%<\/span><\/p>\n<\/td>\n

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18,133<\/span><\/p>\n<\/td>\n<\/tr>\n

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Russell 2000<\/span><\/b><\/p>\n<\/td>\n

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39.99<\/span><\/p>\n<\/td>\n

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1.95%<\/span><\/p>\n<\/td>\n

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2,097<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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U.S. stocks are off to a strong start on the week as Bespoke investment noted “today is set to be the strongest Monday morning opening Gap higher for the S&P 500 $SPY<\/span> since 10\/17\/22.” The upside move comes following a spike into the close last Friday, helping the S&P 500 index end the day higher and snap its 4-week losing streak prior. All eleven S<\/span>&P sectors are in the “green”, with more than 2.9% jump for consumer discretionary (on TSLA<\/span> bounce), while the CBOE volatility index (VIX<\/span>) touches three-week low; last down -4% at 18.50. With the early gains, the S&P 500 (SPX<\/span>) moved back above its 200dma resistance of 5,750. U.S. stock indexes opened higher on Monday, helped by signs the Trump administration is taking a measured approach on tariffs against its trading partners, while investors awaited economic data for clues on the health of the economy and inflation. Stocks rallied on tariff optimism over the weekend as press reporting Apr 2 announcement will be more “target” than feared.<\/p>\n

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The US dollar and treasury yields advanced following the better S<\/span>&P Global PMI<\/span> readings, with the 10-yr yield topping 4.32% and the euro dipping below 1.08 vs. the dollar to nearly 3-week lows and dollar extending gains vs. Japanese yen to 150.20 (highest in 3-weeks). U.S. business activity picked up in March, but growing fears over import tariffs and deep government spending cuts continued to weigh on sentiment and prospects for the rest of the year. Business activity picks up in March amid warmer weather, manufacturing inputs price measure near two-year high, employment at businesses lackluster as caution reigns. Bitcoin also joining the “risk-on” appetite, rising +3.5% above $88,000 to best levels since early March. Good start for stocks following weak confidence, sentiment readings after the S&P fell -10% and the Nasdaq nearly -15% from recent all-time highs. <\/p>\n

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Economic Data<\/p>\n