Day Traders Diary

3/24/25

The major averages performed well to start the new week as investors are optimistic, at least today, that President Donald Trump may hold back from implementing some of his wide-ranging tariff plans and limit any economic slowdown from the tariffs. The Dow Jones Industrial Average rose 597 points, or 1.4%. The S&P 500 rose 100 points or 1.76% while the tech-heavy Nasdaq Composite rose 404 points or 2.27%.

Tesla and the tech sector were the biggest beneficiaries today. Tesla jumped 10% while Amazon, Nvidia and Meta were up 3% each.

Virtually every sector was higher except for the utilities and healthcare. Bonds rose today as money came out and back into the markets. The 10-year Treasury note yield rose six basis points to 4.31% while the 2-year Treasury yield also rose six basis points to 4.00%.

Oil prices gained 1% on Monday as U.S. President Donald Trump said he will impose a 25% tariff on countries that buy oil and gas from Venezuela.

Gold was lower on the firm dollar as bitcoin jumped over 3% on this risk on day.