On October 11, 2024, the U.S. stock market hit record highs, with strong bank earnings and optimism about a Federal Reserve rate cut driving the surge. The Dow Jones and S&P 500 posted gains, led by JPMorgan Chase, Wells Fargo, and BlackRock, while Tesla’s stock faced a steep decline. This snapshot provides key insights into the day’s market performance and expectations for the upcoming earnings season.
Tag: Nasdaq performance
Daily Market Snapshot: October 7, 2024
U.S. stock markets fell on October 7, 2024, with all major indices closing down nearly 1%, driven by rising Treasury yields and growing concerns about the Middle East conflict. The Dow Jones dropped 0.94%, while the S&P 500 lost 0.96%, and the Nasdaq declined by 1.18%. Traders pulled back expectations of an aggressive Fed rate cut as oil prices surged due to supply fears.
Daily Market Snapshot: October 4, 2024
The U.S. stock market surged on October 4, 2024, with the Dow Jones hitting a record high and the Nasdaq gaining over 1%. A strong jobs report for September boosted investor confidence, while energy stocks rallied amid rising oil prices due to Middle East tensions. The unemployment rate fell to 4.1%, reinforcing a positive outlook for the economy.