Oddbean

Stock market today: Wall Street drifts around its record heights ========== U.S. stocks are near record highs as of September 25, 2024; S&P 500 up 0.1%, Dow Jones up 5 points, Nasdaq up 0.2%; 41st all-time high for S&P 500 this year; Treasury yields steady after consumer confidence drop; Federal Reserve expected to cut interest rates by half a percentage point at next meeting; Cintas stock rose 1.1% after strong profit report; Stitch Fix fell 34.5% due to revenue forecast; KB Home down 5.8% despite increased orders; global markets mixed with Shanghai up 1.2%, South Korea down 1.3%, London down 0.1%; job market concerns persist as hiring slows. #StockMarket #S&p500 #FederalReserve #Cintas #StitchFix #InterestRates #ConsumerConfidence #GlobalMarkets #EconomicOutlook #WallStreet https://abcnews.go.com/US/wireStory/stock-market-today-asian-shares-extend-gains-after-114065506