Stock Market Today: A Record Day for Dow and S&P 500 Following Powell's Comments
Monday, 30 September 2024, 03:47
Market Performance Overview
The stock market today exhibited notable upward momentum as U.S. equities rebounded sharply from earlier losses. Federal Reserve Chair Jerome Powell's comments at a conference were perceived as adding to the market's uncertainties regarding monetary policy.
Dow Jones Highlights
- Dow Jones Industrial Average climbed 17.15 points, closing at 42,330.15, achieving a record high.
- This marks the 33rd record closing for the index in 2023.
- For Q3, the Dow surged 3211.29 points, an impressive rise of 8.21%.
S&P 500 Surge
- The S&P 500 rose 24.31 points, accomplishing a new closing record of 5,762.48.
- This represents the index's 43rd record finish and a quarterly gain of 5.53%.
- It marks the S&P 500's longest winning streak since Q4 2021.
Nasdaq Performance
The Nasdaq Composite contributed positively, advancing 69.58 points to close at 18,189.17. The Nasdaq also booked its fourth consecutive quarterly gain, showing sustained momentum.
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.