Reported about 1 month ago
On October 16, 2024, U.S. stocks rebounded, with the Dow Jones up nearly 350 points, reaching a record high. This surge was propelled by significant earnings from Morgan Stanley, which reported a 32% profit increase, alongside a recovery in chip stocks like Nvidia. Despite some disappointing results from companies like ASML and LVMH, the market showcased broad gains, indicating strong investor sentiment as various sectors, particularly Utilities and Financials, led the charge.
Source: YAHOO