On October 23, 2024, U.S. stocks closed lower, with the Dow Jones and S&P 500 both dropping nearly 1%. Rising Treasury yields and uncertainty over Federal Reserve rate cuts weighed on the market, while major tech stocks, including Nvidia and Apple, led the decline. Defensive sectors like utilities and real estate managed to post gains as investors sought safer assets.
Tag: U.S. stock market
Daily Market Snapshot: October 22, 2024
On October 22, 2024, U.S. stocks ended mostly flat, with the Dow Jones and S&P 500 slightly lower, while the Nasdaq Composite posted a modest gain. Rising Treasury yields and mixed corporate earnings reports weighed on investor sentiment, with defensive sectors like consumer staples leading gains, while homebuilding stocks struggled amid rate concerns.
Daily Market Snapshot: October 21, 2024
On October 21, 2024, U.S. stocks pulled back from record highs as rising Treasury yields pressured the market. The Dow Jones Industrial Average and S&P 500 fell, while the Nasdaq Composite rose slightly, driven by Nvidia’s strong performance. Investors are cautious ahead of a busy earnings week, with key companies like Tesla, Coca-Cola, and Texas Instruments set to report.
Daily Market Snapshot: October 18, 2024
On October 18, 2024, U.S. stocks posted their sixth consecutive week of gains, with tech stocks leading the charge. Netflix reported strong subscriber growth, boosting the Nasdaq Composite, while gold reached a new record high at over $2,700 per ounce. Oil prices fell sharply, reflecting concerns about Chinese demand. Investors are focused on earnings reports and retail sales data as key indicators of market strength
Daily Market Snapshot: October 17, 2024
On October 17, 2024, the Dow Jones Industrial Average closed at another record high, driven by stronger-than-expected retail sales data and a rebound in chip stocks led by TSMC. Financials outperformed, with Morgan Stanley and other large banks reporting strong quarterly earnings. Small-cap stocks gained momentum, though tech megacaps such as Apple and Alphabet saw declines. Investors remain focused on upcoming economic data and Federal Reserve rate cut expectations.
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 27, 2024
U.S. stocks closed mixed on September 27, 2024, with the Dow Jones hitting a record high. The S&P 500 edged lower, while the Nasdaq Composite fell 0.39%. Investors are hopeful for further Fed rate cuts as inflation continues to ease
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.