News Minimalist logo

U.S. stocks rise in September on Fed rate cut and positive economic data

cnbc.com — September 30, 2024, 01:00 AM UTC

Summary: U.S. stocks showed strong performance in September, aided by a significant rate cut from the Federal Reserve and positive economic data. The Dow Jones Industrial Average reached a record high, while the S&P 500 and Nasdaq also posted gains.

Inflation data for August was lower than expected, with the personal consumption expenditures price index rising just 0.1%. This contributed to improved consumer sentiment, which increased to 70.1, surpassing forecasts.

OPEC+ is tightening enforcement of oil output cuts after a drop in prices. Meanwhile, OpenAI anticipates a $5 billion loss this year, despite projecting $11.6 billion in revenue for 2025.

Full article

Article metrics
Significance5.3
Scale & Impact5.6
Positivity5.4
Credibility8.5
What is this?

This is article metrics. Combined, they form a significance score, that indicates how important the news is on a scale from 0 to 10.

We analyze up to 10,000 news articles daily and find the most significant world news.

Read more about how we calculate significance, or see today's top rated news on the main page:

See today's news rankings

Timeline:

  1. [4.6]
    Wall Street set for lower open as October begins with key economic indicators ahead (cnbc.com)
    2d 22h
    Source
  2. [3.9]
    U.S. stock market hits record highs as port workers strike affects trade (cnbc.com)
    2d 23h
    Source
  3. [4.9]
    U.S. markets close September with strong gains as S&P 500 hits record high (cnbc.com)
    3d 10h
    Source
  4. [3.8]
    S&P 500 and Dow Jones reach record highs as September ends positively for stocks (cnbc.com)
    3d 12h
    Source
  5. [4.2]
    U.S. stock futures hold steady as September trading wraps up with strong gains (cnbc.com)
    4d 13h
    Source