pwshub.com

Stock market today: Dow, S&P 500 surge as stocks mount a comeback from deep losses

1 week ago

Stocks rebounded on Monday on the heels of the S&P 500's worst week since early 2023, as investors gauge the size of interest-rate cuts the Federal Reserve could implement later this month.

The S&P 500 (^GSPC) rose 0.7% following a drop of 1.7% for the benchmark on Friday. The Dow Jones Industrial Average (^DJI) jumped 0.6%, while the tech-heavy Nasdaq Composite (^IXIC) increased roughly 0.9%.

The major averages are coming off a steep sell-off during September's first week of trading where semiconductor stocks led the declines.

Nvidia (NVDA) which had fallen 4% on Friday, opened nearly 2% higher on Monday as chip stocks advanced.

Investors are paying close attention to Apple's (AAPL) annual iPhone event, which kicks off on Monday.

Source: finance.yahoo.com

Related stories
1 week ago - August's CPI data pushed investors to expect a 25 basis point interest rate cut from the Federal Reserve in September.
1 week ago - Investors are gearing up for a consumer inflation print seen as crucial to determining the size of the first US interest-rate cut in years.
1 month ago - Wall Street saw a comeback attempt falter on Wednesday, as stocks faded into the close and ended up with sizable declines
1 month ago - Stocks were sent on a rollercoaster this week, with the S&P 500 enjoying its worst and best days since 2022 amid Monday's rout and subsequent rally.
1 month ago - "The economy will chug along and we probably won't see a recession," Goldman Sachs CEO David Solomon said on Tuesday.
Other stories
1 hour ago - YouTubers will soon be able to play with a host of new generative artificial intelligence-powered tools for creating content, including the ability to generate six-second YouTube Shorts clips, and backgrounds for their videos, using...
1 hour ago - Salesforce Inc. is making a major push to deploy AI agents on its CRM platform, an initiative the company views as the next step in enterprise artificial intelligence adoption. Building on its predictive Einstein platform for sales,...
1 hour ago - In a positive step forward and a possible sign of things to come, artificial intelligence video generation startup Runway AI Inc. has signed a deal with entertainment company Lions Gate Entertainment Corp. to explore the use of AI in...
1 hour ago - (Bloomberg) -- Asian equities braced for a tailwind from the Federal Reserve’s half-point rate cut and signs of further policy easing in the months ahead.Most Read from BloombergCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety...
1 hour ago - (Bloomberg) -- US equities will climb through the rest of the year with the Federal Reserve’s aggressive interest-rate cut bolstering the chances of a soft landing for the economy, according to a survey of Bloomberg Terminal...