U.S. stocks surged to record highs on September 24, 2024, as China’s stimulus package lifted mining stocks and the S&P 500 gained 0.25%. The materials sector outperformed, with Freeport-McMoRan rising nearly 8% on higher metal prices.
Tag: U.S. stock market
Daily Market Snapshot: September 23, 2024
U.S. stocks closed modestly higher on September 23, 2024, as investors absorbed the Federal Reserve’s rate cut and prepared for key inflation data later this week. The Dow Jones rose 0.15%, while the S&P 500 and Nasdaq posted smaller gains.
Daily Market Snapshot: September 20, 2024
U.S. stocks closed mixed on September 20, 2024, with the Dow Jones rising 0.09% to a record high, while the S&P 500 and Nasdaq saw slight declines. Defensive sectors outperformed, led by utilities, as the market reacted to the Fed’s 50 basis point rate cut.
Daily Market Snapshot: September 19, 2024
U.S. stock markets surged to record highs on September 19, 2024, as the S&P 500 and Dow Jones both closed at all-time highs following a 50 basis point rate cut by the Federal Reserve. Technology stocks, including Tesla and Nvidia, led the rally.
Daily Market Snapshot: September 18, 2024
U.S. stocks closed lower on September 18, 2024, after the Federal Reserve announced a 50 basis point rate cut, marking the first cut in over four years. The S&P 500 fell 0.29%, while the Dow Jones and Nasdaq Composite also declined.
Daily Market Snapshot: September 17, 2024
U.S. stocks closed nearly flat on September 17, 2024, as the market awaits the Federal Reserve’s interest rate decision. The S&P 500 hit an all-time intraday high before ending with modest gains, while the Dow Jones slipped and the Nasdaq rose 0.20%.
Daily Market Snapshot: September 16, 2024
U.S. stocks had mixed results on September 16, 2024, with tech stocks dragging the Nasdaq lower, while the Dow Jones and S&P 500 posted gains. Investors are focused on the upcoming Federal Reserve decision and its potential 50 basis point rate cut.
Daily Market Snapshot: September 13, 2024
U.S. stock markets closed higher on September 13, 2024, as bets on a larger 50 basis point rate cut by the Federal Reserve fueled gains. The Dow Jones rose 0.72%, while the S&P 500 gained 0.54% and the Nasdaq Composite added 0.65%.
Daily Market Snapshot: September 12, 2024
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.
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.