Stock market today: S&P 500, Nasdaq edge higher as inflation report looms
Published On Sep 10, 2024, 9:35 AM
Today, the stock market saw a rise in the tech sector, which helped push the S&P 500 and the Nasdaq higher. Meanwhile, the Dow Jones Industrial Average was adversely affected by a decline in JPMorgan's shares. Investors should take note that the tech sector continues to outpace other sectors, while financial stocks like JPMorgan are not performing as well at the moment.
Stock Forecasts
XLK
Positive
The tech sector is riding high with momentum, potentially signaling further growth. Investors looking for growth opportunities may find favorable conditions in tech stocks.
JPM
Negative
With JPMorgan dragging the Dow lower due to its poor performance, investors may want to consider reducing exposure to financials or exploring alternative sectors that are performing better.
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