Stocks Mixed – Dow Hits Record High While Nasdaq Faces Decline
Monday, 16 September 2024, 13:01
Market Overview
The U.S. stock market closed with varied results, showing a contrasting performance between major indices.
Dow Jones Record Close
The Dow Jones Industrial Average rose by 228.30 points, equating to a 0.6% increase, marking its 27th record close of the year.
Nasdaq Decline
- The Nasdaq Composite experienced a decrease of 91.85 points, or 0.5%, finishing at 17,592.13.
- This decline contrasts sharply with the performance of the Dow.
Traders’ Expectations
With growing anticipation, traders are looking ahead to the Federal Reserve's upcoming decision on interest rates, particularly a potential 50-basis-point rate cut.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.