The National on Nostr: US stocks hit record highs on boost from bank earnings ========== US stocks reached ...
US stocks hit record highs on boost from bank earnings
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US stocks reached all-time highs on October 12, 2024, driven by strong bank earnings; Dow and S&P 500 closed at record levels, with bank shares rising 4.21%, the largest gain since May 2023; JP Morgan Chase rose 4.44% and Wells Fargo increased by 5.61%; S&P 500 topped 5,800, marking its 45th record in 2024; Tesla shares fell 8.8% after disappointing Robotaxi event; US producer price index remained unchanged in September, slightly below expectations; MSCI gauge of global stocks rose 0.54%; expectations for China's fiscal stimulus and European Central Bank rate cut influenced market sentiment; US Treasury yields mostly lower, with market anticipating around 45 basis points of rate cuts by year-end.
#UsStocks #BankEarnings #S&p500 #Tesla #MarketAnalysis #EconomicGrowth #InterestRates #ChinaStimulus #TreasuryYields #Inflation
https://www.thenationalnews.com/business/markets/2024/10/12/us-stocks-hit-record-highs-on-boost-from-bank-earnings/
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US stocks reached all-time highs on October 12, 2024, driven by strong bank earnings; Dow and S&P 500 closed at record levels, with bank shares rising 4.21%, the largest gain since May 2023; JP Morgan Chase rose 4.44% and Wells Fargo increased by 5.61%; S&P 500 topped 5,800, marking its 45th record in 2024; Tesla shares fell 8.8% after disappointing Robotaxi event; US producer price index remained unchanged in September, slightly below expectations; MSCI gauge of global stocks rose 0.54%; expectations for China's fiscal stimulus and European Central Bank rate cut influenced market sentiment; US Treasury yields mostly lower, with market anticipating around 45 basis points of rate cuts by year-end.
#UsStocks #BankEarnings #S&p500 #Tesla #MarketAnalysis #EconomicGrowth #InterestRates #ChinaStimulus #TreasuryYields #Inflation
https://www.thenationalnews.com/business/markets/2024/10/12/us-stocks-hit-record-highs-on-boost-from-bank-earnings/