S&P 500 rebounds from Monday's decline as oil prices ease: Live updates
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On October 8, 2024, the S&P 500 gained 0.9%, Nasdaq Composite rose 1.3%, and Dow Jones added 130 points (0.3%) after a decline on Monday; oil prices dropped nearly 4% amid tensions in the Middle East; energy stocks fell nearly 3%, with Marathon Petroleum and Valero Energy down at least 4% each; technology shares saw gains, with Nvidia up 3% and Broadcom up 2%; Hurricane Milton expected to depress gasoline demand; gold prices fell for the fifth consecutive session; MSCI China ETF down 10.7%, marking its worst day since 2011; BTIG downgraded American Express to sell; U.S. trade deficit fell 10.8% in August to $70.4 billion; Federal Reserve Governor Adriana Kugler noted potential economic impacts from storms and geopolitical events.
#S&p500 #StockMarket #OilPrices #HurricaneMilton #Gold #ChinaEtf #AmericanExpress #TradeDeficit #FederalReserve #EconomicAnalysis
https://www.cnbc.com/2024/10/07/stock-market-today-live-updates.html
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