Chip Somodevilla/Getty Images; BIUS stocks rose to records on Monday after Federal Reserve Chair Jerome Powell's commented on the economy.Powell emphasized the economy's strength and recalibrated interest rate cut expectations.Investors are also eyeing key employment data releases this week for further market direction.US stocks rose on Monday, with the Dow and S&P 500 closing at record highs as investors digested new comments from Federal Reserve Chairman Jerome Powell.All three major indexes moved higher in late trading following Powell's comments about the strength of the US economy."This is not a committee that feels like it's in a hurry to cut rates quickly," Powell said in a Q&A chat with the National Association for Business Economics, discussing the strength of the broader economy."Overall, the economy is in solid shape," Powell said in his prepared remarks.
Similar Stories to Stock Market Today: Us Indexes Edge Higher To Records As Powell Talks Up Strength Of The Economy on Bing News
mfox@businessinsider.com (Matthew Fox), Business Insider
Mon, 09/30/2024 - 1:23pm
Topics: chip somodevilla/getty images federal reserve chair jerome dow federal reserve chairman jerome national association business economics cme's fedwatch tool fed's november fomc jones industrial average adp september dish network redfin east coast trump media west texas intermediate treasury 527.read business insider fed powell s&p us stock market today indexes higher records strength economy rate comments data cut employment investors jobs recalibrated rose interest monday report week meeting basis closing tuesday crude
BING NEWS:
- Stock market today: US indexes edge higher to records as Powell talks up strength of the economy
"Overall, the economy is in solid shape," Powell said in his prepared remarks on Monday. "We intend to use our tools to keep it there." ...
09/30/2024 - 9:23 am | View Link - Stock Market Today: Stocks Gain After Powell Talks Rate Cuts
Stocks struggled for direction Monday, though the main indexes notched definitive gains for both the month and quarter. A mid-afternoon speech from Fed Chair Jerome Powell failed to lift sentiment, ...
09/30/2024 - 9:11 am | View Link - Stock market today: Dow, S&P 500 hit fresh records to cap strong September, quarter
Typically the cruelest month for stocks, Wall Street indexes recorded monthly wins to close out the last trading day of September. Notably, the S&P 500 notched its best year-to-date performance at ...
09/30/2024 - 9:05 am | View Link - Stock market today: US indexes gain after soft inflation report supports more rate cuts
"The Fed feels as though it has won the battle on inflation and its primary focus is making sure the job market stays steady," Bellin said in an email to Business Insider. According to Carson ...
09/26/2024 - 10:59 pm | View Link - Stock market today: S&P 500 clinches fresh record amid GDP data, chip stock gains
and support the stock market. A big jump in mainland stocks set the CSI 300 (000300.SS) on track for its best week in a decade. Up next, Friday will bring a highly anticipated reading on the ...
09/26/2024 - 3:03 pm | View Link - More
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