Reported about 1 month ago
On August 29, 2024, the Dow Jones Industrial Average hit a record high, closing up more than 400 points, while the Nasdaq Composite and S&P 500 also saw gains despite a drop in Nvidia shares, which fell nearly 4% after strong earnings that failed to meet high expectations. Additionally, economic data revealed that U.S. GDP grew at an annual rate of 3% in the last quarter, surpassing prior estimates, contributing to a generally positive market outlook.
Source: YAHOO