Reported 13 days ago
On September 24, 2024, US stocks rose modestly as the S&P 500 and Dow Jones Industrial Average reached record closing levels, driven by China's announcement of significant stimulus measures aimed at revitalizing its economy. The S&P 500 closed at 5,733.03, while the Dow finished at 42,208.41. Meanwhile, consumer confidence dropped to its lowest level since August 2021, reflecting growing concerns about the labor market. This positive market sentiment was buoyed by gains in US-listed Chinese companies following the stimulus news.
Source: YAHOO