Home Money & Business Performance of Key US Stock Indices on Monday, October 14, 2024

Performance of Key US Stock Indices on Monday, October 14, 2024

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U.S. stock markets experienced gains on Wall Street, continuing their trend of reaching record highs.
On Monday, the S&P 500 saw an increase of 0.8%, adding to the record it established on Friday.
The Dow Jones Industrial Average also rebounded from an early dip, ending the day up 0.5% at a new peak.
Additionally, the Nasdaq composite index rose by 0.9%.
These advancements occurred amid relatively stable trading conditions in Europe, while the U.S. bond market remained shut for the holiday.

In China, a much-anticipated report from the finance minister released on Saturday contributed to a mixed performance among stocks.
Concerns regarding demand stemming from a decelerating Chinese economy led to a drop in crude oil prices.

On Monday’s market recap:
The S&P 500 increased by 44.82 points, or 0.8%, closing at 5,859.85.
The Dow Jones Industrial Average rose by 201.36 points, translating to a 0.5% increase, finishing at 43,065.22.
The Nasdaq composite gained 159.75 points, which is a 0.9% rise, bringing it to 18,502.69.
The Russell 2000 index, which tracks smaller companies, also saw a gain, rising by 14.23 points, or 0.6%, closing at 2,248.64.

Year-to-date performance reveals impressive growth across the indices:
The S&P 500 is up by 1,090.02 points, marking a 22.9% increase.
The Dow has risen 5,375.68 points, reflecting a 14.3% gain.
The Nasdaq has climbed 3,491.33 points, indicating a 23.3% rise.
Finally, the Russell 2000 shows an increase of 221.57 points, or 10.9%.