Stock market close: S&P 500 reaches 36th record high in 2024

📆 10/07/2024 5:24 AM
📰 YahooFinanceCA

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Nasdaq Composite News

Julie Hyman,Market Domination,Jerome Powell

The S&P 500 (^GSPC) closes at a record high for the 36th time in 2024, the Nasdaq Composite (^IXIC) moving higher by 0.14% to notch its own record high. The ...

ADVERTISEMENTLet's start with where the major averages ended the day not too far from where they were about an hour ago when we checked them here.But any gain today means another record close for the S and P 500.The NASDAQ also finishing higher on the day by about 1/10 of 1%.

However, the stock remains on a winning streak, and I believe we're looking at nine straight days of gains here.It's up about 44% in that point, uh, point in time. AI is effectively ‘useless’—and it’s created a ‘fake it till you make it’ bubble that could end in disaster, veteran market watcher warns

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