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.
Tag: inflation report
Daily Market Snapshot: September 23, 2024
U.S. stocks closed modestly higher on September 23, 2024, as investors absorbed the Federal Reserve’s rate cut and prepared for key inflation data later this week. The Dow Jones rose 0.15%, while the S&P 500 and Nasdaq posted smaller gains.
Daily Market Snapshot: September 13, 2024
U.S. stock markets closed higher on September 13, 2024, as bets on a larger 50 basis point rate cut by the Federal Reserve fueled gains. The Dow Jones rose 0.72%, while the S&P 500 gained 0.54% and the Nasdaq Composite added 0.65%.
Daily Market Snapshot: September 11, 2024
U.S. stock market futures waver as inflation data looms. Nvidia surges on strong AI demand, while investors await key reports on Core CPI and PPI, impacting expectations for the Federal Reserve’s interest rate decision.
Daily Market Snapshot: September 10, 2024
The U.S. stock market saw mixed results on Tuesday as investors remained cautious ahead of Wednesday’s highly anticipated August inflation report. The S&P 500 gained 0.45%, driven by tech and consumer discretionary stocks, while the Dow Jones slipped 0.23%, weighed down by financials, particularly JPMorgan which fell over 5%. Ally Financial also dropped over 17% after concerns regarding the financial health of its borrowers were raised.
Daily Market Snapshot: September 9, 2024
The U.S. stock market rebounded on Monday, driven by dip-buying and anticipation of upcoming inflation data. Major indices recovered from last week’s losses, with the S&P 500 rising 1.16%, the Dow Jones Industrial Average gaining 1.20%, and the Nasdaq Composite increasing 1.17%.