On October 11, 2024, the U.S. stock market hit record highs, with strong bank earnings and optimism about a Federal Reserve rate cut driving the surge. The Dow Jones and S&P 500 posted gains, led by JPMorgan Chase, Wells Fargo, and BlackRock, while Tesla’s stock faced a steep decline. This snapshot provides key insights into the day’s market performance and expectations for the upcoming earnings season.
Category: Daily Market Snapshot
Daily Market Snapshot: October 10, 2024
On October 10, 2024, U.S. stocks closed slightly lower as investors reacted to higher-than-expected inflation and rising jobless claims. The CPI increased by 0.2% in September, while jobless claims rose to 258,000. The market anticipates potential Federal Reserve rate cuts, with energy stocks gaining amid rising oil prices and airlines facing losses.
Daily Market Snapshot: October 9, 2024
U.S. stock market rises as Fed minutes fuel optimism for rate cuts. S&P 500 and Dow hit record highs, with tech and cruise stocks leading gains.
Daily Market Snapshot: October 8, 2024
U.S. stock markets rebounded on October 8, 2024, with the Dow Jones rising 0.30%, the S&P 500 climbing 0.97%, and the Nasdaq gaining 1.45%. Easing Treasury yields and strong buying in technology stocks like Nvidia and Palantir Technologies fueled the recovery. Investors are now turning their attention to upcoming inflation data and third-quarter earnings reports.
Daily Market Snapshot: October 7, 2024
U.S. stock markets fell on October 7, 2024, with all major indices closing down nearly 1%, driven by rising Treasury yields and growing concerns about the Middle East conflict. The Dow Jones dropped 0.94%, while the S&P 500 lost 0.96%, and the Nasdaq declined by 1.18%. Traders pulled back expectations of an aggressive Fed rate cut as oil prices surged due to supply fears.
Daily Market Snapshot: October 4, 2024
The U.S. stock market surged on October 4, 2024, with the Dow Jones hitting a record high and the Nasdaq gaining over 1%. A strong jobs report for September boosted investor confidence, while energy stocks rallied amid rising oil prices due to Middle East tensions. The unemployment rate fell to 4.1%, reinforcing a positive outlook for the economy.
Daily Market Snapshot: October 3, 2024
U.S. stock markets closed lower on October 3, 2024, as investors awaited key labor data and monitored geopolitical risks in the Middle East. With the Dow Jones down 0.44% and S&P 500 slipping 0.17%, market sentiment remains cautious ahead of the non-farm payrolls report, which will likely influence Federal Reserve interest rate decisions.
Daily Market Snapshot: October 2, 2024
The U.S. stock market closed mixed on October 2, 2024, with the S&P 500 flat and the Nasdaq up 0.08%. Investors await key U.S. labor data and monitor rising tensions in the Middle East.
Daily Market Snapshot: October 1, 2024
U.S. stocks ended lower on October 1, 2024, as geopolitical tensions spiked after Iran launched missiles at Israel. While defense stocks rose, major indexes fell with the Dow Jones down 0.41% and the Nasdaq dropping over 1.5%
Daily Market Snapshot: September 30, 2024
U.S. stocks closed mixed on September 30, 2024, as the S&P 500 hit a record high. The Dow Jones also climbed to a new peak, while the Nasdaq Composite gained 0.38%. Investors focused on Jerome Powell’s speech and upcoming labor market data.
