Reported about 1 month ago
On August 29, 2024, the Dow Jones Industrial Average set a new record, gaining over 200 points, even as the tech-heavy Nasdaq and S&P 500 faced declines. Investors grappled with Nvidia's disappointing earnings report, which, despite record profits, fell short of high expectations, leading to a 6% drop in its shares. Meanwhile, the U.S. economy outperformed expectations with a 3% GDP growth rate for the last quarter, influencing market sentiment as traders anticipated potential interest rate cuts from the Federal Reserve.
Source: YAHOO