Nasdaq ↑1%, S&P500 ↑0.75%, Dow ↑0.58%
Table of Contents
- 1 Nasdaq ↑1%, S&P500 ↑0.75%, Dow ↑0.58%
- 2 Here are some PAA (People Also Ask) related questions for the title “U.S. Stock Market Sees Gains Across the Board: Nasdaq Up 1%, S&P 500 Up 0.75%, Dow Up 0.58%”:
- 3 dow, nasdaq, s&p 500 today
- 4 Nasdaq ↑1%, S&P500 ↑0.75%, Dow ↑0.58%
- 5 Here are some PAA (People Also Ask) related questions for the title “U.S. Stock Market Sees Gains Across the Board: Nasdaq Up 1%, S&P 500 Up 0.75%, Dow Up 0.58%”:
Table of Contents
[뉴욕=AP/뉴시스] On the 12th (local time), the New York Stock Exchange in the United States closed higher. The photo shows the New York Stock Exchange in the United States on the 6th of last month. 2024.08.07.
[서울=뉴시스]Reporter Park Gwang-on = On the 12th (local time), the New York Stock Exchange in the United States closed higher across the board.
This is analyzed as a result of continued buying of technology stocks amid expectations of an interest rate cut by the U.S. Federal Reserve (Fed).
On this day, the Dow Jones Industrial Average, which collects blue-chip stocks on the New York Stock Exchange (NYSE), closed at 41,096.77, up 235.06 points (0.58%) from the previous day.
The Standard & Poor’s 500 index, which is comprised of large-cap stocks, closed at 5,595.76, up 41.63 points, or 0.75%.
The tech-heavy Nasdaq index closed at 17,569.68, up 174.15 points, or 1.00%.
CNBC analyzed that strong buying continued, centered on technology stocks, as the Federal Reserve is expected to cut its benchmark interest rate this month.
“Stocks in Big Tech and semiconductor companies continued their gains on the day, energizing the market in afternoon trading,” CNBC reported.
On this day, Nvidia, a leader in artificial intelligence (AI) semiconductors, closed at $119.14, up 1.92% from the previous day, and Google parent company Alphabet also closed at $155.54, up 2.23% from the previous trading day.
MetaPlatform, the parent company of Facebook, ended trading at $525.60, up 2.69% from the previous session.
The Federal Reserve will hold a Federal Open Market Committee (FOMC) meeting on the 17th and 18th to decide on the base interest rate.
While the Fed’s base rate cut is seen as a strong possibility, the scale of the cut is leaning more toward a ‘small cut’ (0.25%p cut) rather than a ‘big cut’ (0.5%p cut).
According to the Chicago Mercantile Exchange (CME) FedWatch tool on this day, expectations that the Fed will cut interest rates by 0.25%p at the September FOMC reached 67.0%. In contrast, the possibility of a 0.5%p cut is estimated at 33.0%.
“Generally people are in wait-and-see mode heading into next week’s Fed meeting,” said Mona Mahajan, chief investment strategist at Edward Jones.
He added that there was market volatility in September, a seasonally sensitive month, and that he still expected economic growth to “slow but not collapse.”
“This volatility could continue,” he said, “but if we can achieve a soft landing in this environment where the Fed is cutting rates and inflation is gradually easing, I think the market will continue to do well.”
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U.S. Stock Market Sees Gains Across the Board: Nasdaq Up 1%, S&P 500 Up 0.75%, Dow Up 0.58%
On September 12, 2024, the U.S. stock market closed higher across the board, with the Nasdaq Composite Index leading the way with a 1% gain. The S&P 500 Index and the Dow Jones Industrial Average also saw significant increases, rising 0.75% and 0.58%, respectively.
The tech-heavy Nasdaq Index closed at 17,569.68, up 174.15 points, or 1.00%, driven by strong buying of technology stocks amid expectations of an interest rate cut by the U.S. Federal Reserve (Fed) [[1]]. The Nasdaq 100 Index, which includes the shares of the 100 largest American and international companies as measured by their market capitalization, also saw significant gains [[2]].
The S&P 500 Index, which is comprised of large-cap stocks, closed at 5,595.76, up 41.63 points, or 0.75%. The Dow Jones Industrial Average, which collects blue-chip stocks on the New York Stock Exchange (NYSE), closed at 41,096.77, up 235.06 points, or 0.58%.
The gains in the stock market were driven by continued buying of technology stocks, including Big Tech and semiconductor companies, as investors anticipate a potential interest rate cut by the Federal Reserve this month. According to CNBC, “Stocks in Big Tech and semiconductor companies continued their gains on the day, energizing the market in afternoon trading” [[3]].
Nvidia, a leader in artificial intelligence (AI) semiconductors, closed at $119.14, up 1.92% from the previous day, while Google parent company Alphabet also closed at $155.54, up 2.23% from the previous trading day. MetaPlatform, the parent company of Facebook, ended trading at $525.60, up 2.69% from the previous session.
The Federal Reserve will hold a Federal Open Market Committee (FOMC) meeting on September 17th and 18th to decide on the base interest rate. While a base rate cut is seen as a strong possibility, the scale of the cut is leaning more toward a ‘small cut’ (0.25%p cut) rather than a ‘big cut’ (0.5%p cut). According to the Chicago Mercantile Exchange (CME) FedWatch tool, expectations that the Fed will cut interest rates by 0.25%p at the September FOMC reached 67.0%.
The current market trends and expectations of an interest rate cut have led to a positive outlook for the U.S. stock market. As the Fed’s decision approaches, investors will be closely watching for any signs of a potential rate cut, which could further drive market gains.
References:
dow, nasdaq, s&p 500 today
Nasdaq ↑1%, S&P500 ↑0.75%, Dow ↑0.58%
The US stock market saw gains across the board on September 12, 2024, with the tech-heavy Nasdaq index rising 1%, the S&P 500 index increasing 0.75%, and the Dow Jones Industrial Average climbing 0.58%. This surge in the market is attributed to continued buying of technology stocks amidst expectations of an interest rate cut by the US Federal Reserve (Fed).
According to market data, the Dow Jones Industrial Average closed at 41,096.77, up 235.06 points (0.58%) from the previous day, while the Standard & Poor’s 500 index closed at 5,595.76, up 41.63 points, or 0.75%. The Nasdaq index closed at 17,569.68, up 174.15 points, or 1.00% [[2]](https://www.marketwatch.com/market-data/us).
Technology stocks, particularly those in Big Tech and semiconductor companies, led the gains, energizing the market in afternoon trading. Nvidia, a leader in artificial intelligence (AI) semiconductors, closed at $119.14, up 1.92% from the previous day, while Google parent company Alphabet closed at $155.54, up 2.23% from the previous trading day. MetaPlatform, the parent company of Facebook, ended trading at $525.60, up 2.69% from the previous session.
The Federal Reserve is expected to cut its benchmark interest rate this month, which has contributed to the optimism in the market. The Fed will hold a Federal Open Market Committee (FOMC) meeting on September 17-18 to decide on the base interest rate. While a rate cut is seen as a strong possibility, the scale of the cut is leaning more towards a ‘small cut’ (0.25%p cut) rather than a ‘big cut’ (0.5%p cut) [[3]](https://www.usbank.com/investing/financial-perspectives/market-news/is-a-market-correction-coming.html).
Market analysts are keeping a close eye on the Fed’s decision, as it will have significant implications for the economy and the stock market. The recent gains in the market are a positive sign, but investors should remain cautious and monitor market trends closely.
- What is the current state of the US stock market?
- Why is the Nasdaq index rising?
- What is the impact of the Federal Reserve’s interest rate decision on the stock market?
- How do technology stocks affect the overall market performance?
- What is the outlook for the US economy in the near future?
By staying informed about market trends and economic indicators, investors can make informed decisions and navigate the complexities of the stock market.
