S&P 500 ends Q3 with 5% gain on hopes of rate cuts, positive.

From Investing.com: 2024-09-30 16:06:48

The S&P 500 closed higher for the third quarter, up 5%, boosted by potential interest rate cuts from the Federal Reserve. Atlanta Fed President signals possible 50 basis point rate cut. Jerome Powell states that rate cuts are not on a preset course, but likely if economic progress continues as expected. Investors await labor market data and jobs report on Friday expecting 144,000 new jobs. Stellantis cuts annual forecasts, prompting a 12% stock slump; Nio receives cash injection. Oil prices rise as Israel prepares for potential ground invasion of Lebanon, after concerns increase over demand worries.



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