News Formal

Stock market today: Stocks climb as S&P 500 notches best 3-day run of 2024

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

Nasdaq Composite News

John Williams,The Federal Reserve,Fed Officials

Stocks rallied at the end of last week, getting a boost from a 'Goldilocks' jobs report.

Stocks closed near session highs Monday, as the S&P 500 notched its best three-day run in a rip-roaring 2024. Wall Street continued to build on an end-of-week surge precipitated by a softer-than-expected jobs report that helped spur bets toward an earlier rate cut from the Federal Reserve. The S&P 500 gained 1%, while the tech-heavy Nasdaq Composite rose 1.2%. The Dow Jones Industrial Average increased almost 0.5%.

Williams assured eventually "we'll have rate cuts," but for now monetary policy is in "a very good place." Also on Monday, Federal Reserve Bank of Richmond president Thomas Barkin expressed optimism that inflation will come down to 2% as "the full impact of higher rates is yet to come." Minneapolis's Neel Kashkari is set to speak on Tuesday. In corporate news, Disney will take center stage this week as earnings season starts to wind down.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Stock market today: Nasdaq sinks 2% as stocks plummet to end worst month of 2024Investors marked time ahead of the Fed's rate decision, with earnings from Amazon on deck to test prospects for a Big Tech-fueled bump.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq notch big gains as Tesla kicks off 'Magnificent 7' earningsThe wait for Tesla results is on as investors look to Big Tech earnings to buoy stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq notch big gains with Tesla earnings on deckThe wait for Tesla results is on as investors look to Big Tech earnings to buoy stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Markets today: S&P 500 breaches key level as stocks power aheadStocks started the week on a positive note, with traders waiting to hear from a raft of Federal Reserve speakers for clues on the outlook for interest rates.
Source: BNNBloomberg - 🏆 83. / 50 Read more »