Stock market today: Dow, S&P 500 rise as stocks mount a comeback from deep losses
Published On Sep 9, 2024, 9:32 AM
U.S. stocks saw a rebound on Monday after a tough week, with the S&P 500 rising 1.2%, the Dow Jones adding over 450 points, and the Nasdaq up more than 1%. The rally was driven by gains in financial, industrial, and energy sectors, along with major tech players like Nvidia, Tesla, and Amazon making notable gains. Investors are now focusing on upcoming consumer and producer inflation reports, which could influence the Federal Reserve's decision on interest rate cuts scheduled for later this month. Apple also launched its new iPhone 16 and updated various products during its annual event, though its stock remained largely unchanged.