Strong September gains for major indices, U.S. economy grew by 3%, Chinese and tech ETFs up 35%.

From Nasdaq: 2024-09-30 13:00:00

Wall Street had a strong September, with the S&P 500, Dow Jones, Nasdaq Composite, and Russell 2000 all posting gains. The Federal Reserve cut interest rates for the first time in years, while the ECB also made rate cuts, and China announced stimulus measures to boost its economy. The U.S. economy grew by 3% in Q2, surpassing expectations. Chinese ETFs and tech ETFs were among the best performers in September, with gains of up to 35%.

In September, the U.S. economy grew at an annualized rate of 3% in the second quarter, beating expectations. The Federal Reserve cut interest rates by 50 bps to address slowing growth. China announced monetary stimulus measures, while the ECB slashed rates to boost its economy. Best performing ETFs included Chinese and tech ETFs, with gains of up to 35%.

The U.S. economy grew faster than expected in the second quarter, with a growth rate of 3% annually. The Federal Reserve cut interest rates for the first time in years, while China announced stimulus measures and the ECB slashed rates. The best performing ETFs in September were Chinese and tech ETFs, posting gains of up to 35%.



Read more at Nasdaq: Best-Performing ETF Areas of September