Stock market today: Dow, S&P 500 eke out record closes as stocks extend September rally

Published On Sep 23, 2024, 4:01 PM

U.S. stocks gained on Monday, with the Dow hitting another record close. Investors are awaiting Fed statements and key inflation data that could influence further interest rate cuts. On the positive side, Tesla and Intel stocks surged due to favorable forecasts and investment news, while Boeing stock also rose as it improved its contract offer to end a strike. Conversely, GM stock fell following a downgrade from analysts citing earnings and cost concerns. Overall, discussions around inflation and the labor market are key in shaping market expectations for monetary policy.

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Stock Forecasts

TSLAView TSLA chart on TradingView

Positive

Positive market sentiment aided by potential Fed interest rate cuts and strong performances by individual stocks.

INTCView INTC chart on TradingView

Positive

With a multibillion-dollar investment from Apollo Global Management, Intel is poised for potential growth as it improves its business outlook.

BAView BA chart on TradingView

Positive

Boeing's proactive moves to resolve union negotiations could restore some investor confidence in its stock trajectory.

GMView GM chart on TradingView

Negative

GM's recent downgrade and profit pressure may lead to a negative outlook as investors assess future earnings stability.

MSFTView MSFT chart on TradingView

Negative

Microsoft's downgrade raises concerns about its AI dependency and competitive position in the market, suggesting a potentially negative trend.

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