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.
Tag: jobless claims
Daily Market Snapshot: October 1, 2024
U.S. stocks ended lower on October 1, 2024, as geopolitical tensions spiked after Iran launched missiles at Israel. While defense stocks rose, major indexes fell with the Dow Jones down 0.41% and the Nasdaq dropping over 1.5%
Daily Market Snapshot: September 30, 2024
U.S. stocks closed mixed on September 30, 2024, as the S&P 500 hit a record high. The Dow Jones also climbed to a new peak, while the Nasdaq Composite gained 0.38%. Investors focused on Jerome Powell’s speech and upcoming labor market data.
Daily Market Snapshot: September 26, 2024
U.S. stocks surged to record highs on September 26, 2024, as the S&P 500 and Dow Jones reached new peaks, driven by strong economic data and rising demand for AI chips. Micron Technology led the rally with a 15.78% gain
Daily Market Snapshot: September 25, 2024
The U.S. stock market closed mixed on September 25, 2024, with the Dow Jones and S&P 500 falling, while the Nasdaq Composite posted a slight gain, supported by tech stocks like Nvidia. Investors await key economic data and further Fed insights.
Daily Market Snapshot: September 19, 2024
U.S. stock markets surged to record highs on September 19, 2024, as the S&P 500 and Dow Jones both closed at all-time highs following a 50 basis point rate cut by the Federal Reserve. Technology stocks, including Tesla and Nvidia, led the rally.
