Stock market update for January 22, 2024.

Macy’s Rejects $5.8 Billion Takeover Offer From Investors (Bloomberg)
Arena Group’s stock plummets over 30% after losing rights to Sports Illustrated, laying off staff (MarketWatch)
Spirit Airlines shares extend rebound after it appeals ruling blocking JetBlue merger (CNBC)
Archer Daniels Stock Sinks as It Places CFO on Leave During Accounting Probe (Barron's)
Americans Are Suddenly a Lot More Upbeat About the Economy (WSJ)

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Dow Hits 38K for First Time Ever

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