Stock market today: US futures climb as Fed-favored PCE inflation print hits the mark

Published On Aug 30, 2024, 9:34 AM

In August, the S&P 500 index experienced its fourth consecutive winning month, reflecting a generally positive trend despite some market volatility. Investors showed resilience, and the market's recovery underscores a hopeful outlook in light of broader economic challenges.

Stock Forecasts

Given the continued positive trend in the S&P 500 over the last month and investor resilience in a volatile environment, there appears to be a favorable outlook for US equities going forward. This suggests that maintaining investments in broad market indices or ETFs that track the S&P 500 would be beneficial.

Related News

Capitalist Pig hedge fund manager Jonathan Hoenig weighs in on market rallies, his concern for everyday Americans amid inflation, and his stock pick.

JPMorgan Chase & Co. chief Jamie Dimon on Friday sounded the alarm about "critical risks" to the U.S. economy in the bank's third quarter earnings report.

Slatestone Wealth Chief Market Strategist Kenny Polcari discusses the market rallying following the inflation report, Jamie Dimon's warning of geopolitical risks, and how he fared during Hurricane Milton.

SPY
TLT