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.
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Daily Market Snapshot: September 20, 2024
U.S. stocks closed mixed on September 20, 2024, with the Dow Jones rising 0.09% to a record high, while the S&P 500 and Nasdaq saw slight declines. Defensive sectors outperformed, led by utilities, as the market reacted to the Fed’s 50 basis point rate cut.