Stocks rise on positive economic data and speculation of rate cut

From Barchart: 2024-09-13 16:43:49

Stocks closed higher on Friday, with the S&P 500 up 0.54%, Dow Jones up 0.72%, and Nasdaq 100 up 0.47%. The gains were driven by positive economic data and hopes of a potential stimulus package. Investors remain cautious amid rising COVID-19 cases and uncertainties surrounding the upcoming elections. The S&P 500 has now gained 10 out of the last 12 weeks, while the Dow Jones is on track for its fourth straight weekly gain. Tech stocks led the way, with Apple, Amazon, Facebook, and Alphabet all closing higher.



Read more at Barchart: Stocks Rally on Heightened Speculation about a 50 bp Rate Cut Next Week