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.
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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.