Tech rally, Powell comments boost indexes to record closing highs
Wed December 4, 2024 4:31 PM
Fed Chair Powell opining today that he was upbeat on the economy and inflation is continuing downward triggered another substantial rally with the markets now very confident that a December rate cut is coming. All three indexes surged to new records. Now all eyes are on Friday’s employment report which is really the tell-all for how well things are going. Today the private payrolls report showed a modest increase. But, awaiting Friday’s numbers, volume came in at 13 billion, still well below the 14.9 billion average.
DJ: 44,705.53 -76.47 NAS: 19,480.91
+76.96 S&P: 6,049.88
+2.73 12/3
DJ: 45,014.04 +308.51 NAS: 19,735.12
+254.21 S&P: 6,086.49
+36.61 12/4
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