Stock market today: S&P 500, Dow hit fresh records, China stocks soar on new stimulus

Published On Sep 24, 2024, 4:11 PM

Today, the stock market reached new record highs, with both the S&P 500 and Dow Jones Industrial Average setting fresh milestones. The rise was boosted significantly by new stimulus measures introduced in China, which have led to a surge in Chinese stocks. Investors are optimistic about the potential economic benefits from these measures, which may also impact global markets positively.

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Stock Forecasts

SPYView SPY chart on TradingView

Positive

The overall bullish trend in the U.S. market is likely to continue as investor confidence is bolstered by rising stock values and positive economic sentiments from China. The influx of stimulus is pivotal to supporting growth, especially in emerging markets.

FXIView FXI chart on TradingView

Positive

Investing in Chinese markets might also be worthwhile given the stimulus measures, which should enhance consumer spending and drive economic activity. The iShares China Large-Cap ETF (FXI) would be a relevant investment option here.

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