S&P 500 ends at fresh record high, as Dow scales 43k for first time

S&P 500 ends at fresh record high, as Dow scales 43k for first time

By David French

Mon October 14, 2024 4:56 PM

It was a straight shot up on all the indexes with the Dow and Nasdaq both achieving respectable 3-digit gains again and the Dow passing 43,000 for the first time, both the Dow and S&P once achieving scaling new records. It was the market still riding the wave of enthusiasm from Friday’s terrific Q3 reports from the banks and looking for more of the same in the weeks ahead. More bank data is due on Tuesday. The big concern right now is that valuations are stretched so far above the historical average that Q3 must prove they are justified. In any event, today was a holiday with the bond markets closed so volume at 9.5 billion remains well below the 12 billion average. 

DJ: 42,863.86  +409.74      NAS: 18,342.94  +60.89      S&P: 5,815.03  +34.98          10/11

DJ: 43,065.22  +201.36      NAS: 18,502.69  +159.75    S&P: 5,859.85  +44.82          10/14

Mon 10-14-24 4:56 pm S&P 500 ends at fresh record high, as Dow scales 43k for first time | Reuters