Dow closes nearly 500 points higher in rebound from Wall Street’s worst week of 2024: Live updates
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On September 9, 2024, the Dow Jones Industrial Average surged 484.18 points (1.2%) to close at 40,829.59, rebounding from a loss of over 1,200 points the previous week; the S&P 500 gained 1.16% to end at 5,471.05, marking its worst week since March 2023; the Nasdaq Composite rose 1.16% to 16,884.60, recovering from its worst week in over two years; investors are optimistic about a potential Federal Reserve rate cut on September 18, 2024; key inflation reports are expected on September 11 and 12; sectors like technology, retail, and banks saw significant gains; analysts predict a 25 basis point cut from the Fed, with Barclays stating the job market isn't weak enough for a larger cut; ResMed shares rose after Apple announced a sleep apnea feature in its new watch; Palantir and Dell stocks jumped after being added to the S&P 500; small-cap stocks are outperforming, indicating potential economic challenges ahead.
#DowJones #S&p500 #Nasdaq #FederalReserve #Inflation #StockMarket #Technology #Retail #Banks #EconomicOutlook
https://www.cnbc.com/2024/09/08/stock-market-today-live-updates.html
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