Reported 3 months ago
On October 4, 2024, the stock market rallied as investors reacted positively to a robust jobs report showing that the US added 254,000 jobs in September, significantly exceeding expectations. The Dow Jones Industrial Average hit a record high, gaining over 300 points, while the S&P 500 and Nasdaq also saw notable increases. The encouraging data shifted market predictions, with expectations decreasing for aggressive interest rate cuts from the Federal Reserve. Despite global concerns, especially surrounding escalating tensions in the Middle East, the markets showed resilience and optimism.
Source: YAHOO