On November 14, 2024, U.S. stocks dipped as Federal Reserve Chair Jerome Powell cooled hopes for a December rate cut. The Dow, S&P 500, and Nasdaq declined, with defense stocks weighing on industrials while Disney’s earnings bolstered communication services.
Tag: Consumer discretionary gains
Daily Market Snapshot: November 01, 2024
On November 1, 2024, U.S. stocks rose as Amazon’s strong earnings lifted the consumer discretionary sector, while weak job growth fueled hopes for a Fed rate cut. The Dow, S&P 500, and Nasdaq all gained, with energy and discretionary stocks leading the way. Markets remain cautiously optimistic ahead of the upcoming election.
