On October 29, 2024, the Nasdaq hit a record high, lifted by Alphabet’s strong earnings that fueled optimism for mega-cap tech stocks. While the S&P 500 also rose, the Dow Jones fell, weighed down by weaker results in non-tech sectors. Rising Treasury yields and a busy earnings season are keeping investor sentiment cautious.
Tag: consumer confidence
Daily Market Snapshot: September 24, 2024
U.S. stocks surged to record highs on September 24, 2024, as China’s stimulus package lifted mining stocks and the S&P 500 gained 0.25%. The materials sector outperformed, with Freeport-McMoRan rising nearly 8% on higher metal prices.
