U.S. stock markets rebounded on October 8, 2024, with the Dow Jones rising 0.30%, the S&P 500 climbing 0.97%, and the Nasdaq gaining 1.45%. Easing Treasury yields and strong buying in technology stocks like Nvidia and Palantir Technologies fueled the recovery. Investors are now turning their attention to upcoming inflation data and third-quarter earnings reports.
Tag: U.S. economy update
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.