U.S. Stocks Extend Upward Trend With Another Strong Day
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U.S. stocks rose on 8/19/2024, with the Nasdaq up 245.05 points (1.3%) to 17,876.77, S&P 500 up 54.00 points (1.0%) to 5,608.26, and Dow up 236.77 points (0.6%) to 40,896.53; this marks the eighth consecutive day of gains for Nasdaq and S&P 500; 75.5% chance of a quarter-point Fed rate cut next month; Conference Board's leading economic index fell 0.6% in July; biotech stocks surged 2.2%, gold stocks up 2.1%; mixed performance in Asia-Pacific markets; U.S. treasuries rose, 10-year note yield fell to 3.867%; upcoming Fed minutes and Jackson Hole Symposium are anticipated.

#Stocks #Nasdaq #S&p500 #Dow #FederalReserve #Biotech #Gold #EconomicIndicators #InterestRates #JacksonHole

https://www.rttnews.com/3469866/u-s-stocks-extend-upward-trend-with-another-strong-day.aspx?type=glcom