News Formal

Stock market today: Stocks zoom higher as S&P 500 notches 30th record close of 2024

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Goldman Sachs Nouvelles

Nasdaq Composite,S&P 500,Sixth Consecutive Record

Wall Street wondered if the bull rally that has roared through 2024 has more room to run.

US stocks jumped to fresh all-time highs on Monday with the S&P 500 notching its 30th record close of the year as The S&P 500 rose nearly 0.8% while the tech-heavy Nasdaq Composite rose almost 1% to notch its sixth consecutive record close. The Dow Jones Industrial Average gained 0.5%. Stocks have continued ripping higher as a tech-fueled rally has led Wall Street to revise its year-ahead targets for the S&P 500.

The highlight will be Wednesday's retail sales report, which provides a glimpse into the health of the US consumer. As for the path of interest rates: Federal Reserve Bank of Philadelphia President Patrick Harker became the latest Fed official to hint at one rate cut in 2024. “If we start to see several months of where we’re seeing data move in the right direction, I could see taking action. But I’m not there right now,” said Harker at an event in Philadelphia.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today: Stocks cap another winning month, S&P 500 logs best May since 2020Investors waited for the release of the Fed's preferred inflation data, seen as a potential turning point for a market gripped by rate-cut jitters.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Nasdaq, S&P 500 pop as Nvidia galvanizes stocksNvidia's blockbuster earnings have fired up optimism for AI's ability to fuel growth, eclipsing rate-hike worries for now.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Nasdaq, S&P 500 touch new record as Nvidia galvanizes stocksNvidia's blockbuster earnings have fired up optimism for AI's ability to fuel growth, eclipsing rate-hike worries for now.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Nasdaq, S&P 500 hit new record as Nvidia galvanizes stocksNvidia's blockbuster earnings have fired up optimism for AI's ability to fuel growth, eclipsing rate-hike worries for now.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Nasdaq, S&P 500 futures pop as Nvidia galvanizes stocksNvidia's blockbuster earnings have fired up optimism for AI's ability to fuel growth, eclipsing rate-hike worries for now.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »