S&P 500 and Dow reach record highs thanks to Nvidia surge, but consumer confidence drops

From Investing.com: 2024-09-24 16:10:47

The S&P 500 and Dow hit record highs with the help of Nvidia’s rally in the tech sector. Consumer confidence dropped to a three-year low, sparking Fed watch for rate cuts. Fed Governor Michelle Bowman urged caution on further cuts, while other Fed members debated the economy’s normalization. Boeing sweetened its labor deal amid strikes, offering a 30% pay increase. Deere & Company stock rose despite threats from Donald Trump. Visa Inc faced a lawsuit from the DoJ, causing it to drop more than 5%. Economists await key data reports to gauge future rate cuts.



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