On November 7, 2024, U.S. stocks rose as the Fed’s anticipated rate cut boosted growth stocks. The Dow was flat, while the S&P 500 and Nasdaq gained, led by Warner Bros Discovery in the communication sector. Investors focus on economic data as growth potential builds under Trump’s administration.
Tag: Federal Reserve decision
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.
