How predominant US stock indexes fared Thursday, 11/7/2024
Most U.S. stocks rose because the Federal Reserve scale back hobby charges again to rep issues more uncomplicated for the economy By The Related Press November 7, 2024, 4:18 PM Most U.S. stocks rose because the Federal Reserve scale back hobby charges again to rep issues more uncomplicated for the economy. The S&P 500 climbed
Most U.S. stocks rose because the Federal Reserve scale back hobby charges again to rep issues more uncomplicated for the economy
ByThe Related Press
November 7, 2024, 4:18 PM
Most U.S. stocks rose because the Federal Reserve scale back hobby charges again to rep issues more uncomplicated for the economy.
The S&P 500 climbed 0.7% Thursday. The Dow Jones Industrial Moderate became barely modified, and the Nasdaq composite gained 1.5%.
The price scale back became widely anticipated. Federal Reserve Chair Jerome Powell acknowledged it’s too early to understand how Donald Trump’s presidential victory will shift the Fed’s price insurance policies. Treasury yields remained decrease following the Fed’s announcement. Monetary institution stocks and smaller companies also lagged the market as heaps of Trump trades lost momentum.
On Thursday:
The S&P 500 rose 44.06 positive aspects, or 0.7%, to 5,973.10.
The Dow Jones Industrial Moderate fell 0.59 positive aspects, or no longer up to 0.1%, to 43,729.34.
The Nasdaq composite rose 285.99 positive aspects, or 1.5%, to 19,269.46.
The Russell 2000 index of smaller companies fell 10.23 positive aspects, or 0.4%, to 2,382.69.
For the week:
The S&P 500 is up 244.30 positive aspects, or 4.3%.
The Dow is up 1,677.15 positive aspects, or 4%.
The Nasdaq is up 1,029.54 positive aspects, or 5.6%.
The Russell 2000 is up 172.56 positive aspects, or 7.8%.
For the year:
The S&P 500 is up 1,203.27 positive aspects, or 25.2%.
The Dow is up 6,039.80 positive aspects, or 16%.
The Nasdaq is up 4,258.11 positive aspects, or 28.4%.
The Russell 2000 is up 355.62 positive aspects, or 17.5%.
