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 News

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.

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 US
 

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

United States United States Latest News, United States United States Headlines

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

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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »