Stock market today: S&P 500's latest record closes out best first quarter since 2019

Stocks rallied into to the close end the last trading day of the month, capping a fruitful first quarter of 2024 with a fresh record high for the S&P 500. The S&P 500 and the blue-chip Dow Jones Industrial Average popped more than 0.1% on Thursday. Meanwhile, the tech-heavy Nasdaq Composite slipped about 0.1% on the day. Zooming out, though, all three major averages have now risen for five straight months.

What largely started as a megacap-driven rally has shown signs of broadening. Wall Street firms almost can't keep pace with the S&P's surge and have continued to move up their year-end price targets. And history suggests the momentum could continue. A final reading on fourth-quarter GDP released on Thursday morning showed the US economy grew at a rate of 3.4% versus a prior estimate of 3.2%.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: S&P 500 poised for new record with Powell back in spotlightInvestors are looking for further clues on the path of interest rates in Jerome Powell's second day of testimony.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq futures rise as Fed rate call loomsInvestors are starting the week in an upbeat mood as techs shine ahead of a pivotal Fed policy call.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US futures point higher after S&P 500's 3-day losing streakA stock rebound would come after an unusual three-day losing streak for the S&P 500.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares meander after S&P 500 sets another recordBANGKOK (AP) — Asian shares were mixed on Thursday after U.S. stocks broke out of a three-day lull to close at a record. Oil prices advanced, while U.S...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »