Stock Market Today: Dow and S&P 500 Achieve Record Closes Following Fed Rate-Cut
Monday, 23 September 2024, 13:00
Stock Market Today Overview
U.S. stocks ended higher on Monday, continuing the rally that began last week following the Federal Reserve's 50 basis-point rate cut.
Market Performance
- Dow Jones Industrial Average: Increased by 61.29 points or 0.2%, closing at 42,124.65 - marking its 30th record close this year.
- S&P 500: Rose by 16.02 points or 0.3%, finishing at 5,718.57 - this is the index's 40th record close of the year.
- Nasdaq Composite: Gained 25.95 points or 0.1%, closing at 17,974.27.
Conclusion
As the U.S. equity market continues to thrive, the implications of these rate cuts by the Fed could reshape investor strategies and market engagements. Stay tuned for more updates on future opportunities and insights.
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.