Friday, 8 November 2024: US Markets Soar!

Nov 7, 2024 · 5m 42s
Friday, 8 November 2024: US Markets Soar!
Description

The post-election rally rolled on, lifting the S&P 500 and Nasdaq to fresh record highs for a second session in-a-row as investors also digested the latest rate cut and monetary...

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The post-election rally rolled on, lifting the S&P 500 and Nasdaq to fresh record highs for a second session in-a-row as investors also digested the latest rate cut and monetary policy pronouncements from the Federal Reserve. - Dow flat.

Goldman Sachs Group Inc
(down -2.32%) and JPMorgan Chase & Co (-4.32%) handed back some of the previous session’s double-digit gains.  

The broader S&P500 +0.74% to 5,973.10, logging its 49th record closing high of 2024.

Communication Services (up +1.92%)
, Information Technology (+1.83%), Consumer Discretionary (+1.37%) and Real Estate (+1.19%) all gained over >1% to lead eight of the eleven primary sectors higher.
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Author Morgans Financial Limited
Organization Morgans Financial Limited
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