U.S. stock markets rebounded on Thursday as inflation data reinforced expectations for a 25-basis point rate cut by the Federal Reserve. The S&P 500 rose 0.75%, while small-cap stocks outperformed, and Moderna fell after weak revenue forecasts.
Tag: Nasdaq Composite
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%.