Dow rises more than 300 points, S&P 500 rises to record as market shakes off October malaise: Live updates
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On October 9, 2024, the Dow Jones Industrial Average surged 390 points (0.9%), while the S&P 500 and Nasdaq Composite rose 0.4% and 0.6%, respectively; technology stocks like Microsoft, Amazon, and Apple each gained 1%; the S&P 500 reached a new record; the Federal Reserve's September meeting minutes indicated a majority favored a half-point rate cut; the S&P 500 information technology sector gained over 30% year-to-date; the China Shenzhen Index fell 8.7%, marking its worst day since May 1997; earnings season begins on October 11 with JPMorgan Chase and Wells Fargo; Dallas Fed President Lorie Logan advocated for gradual rate cuts; Canaccord Genuity noted a potential fourth-quarter rally; 32 S&P 500 stocks hit new 52-week highs; the yield curve steepening raises concerns for stock market corrections.
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https://www.cnbc.com/2024/10/08/stock-market-today-live-updates.html
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