Stock futures are little changed to kick off final session of a strong month and quarter: Live updates

Published On Sep 29, 2024, 6:04 PM

The article discusses the current state of the U.S. stock market as of September 29, 2024. It highlights that stock futures are stable as the month and quarter come to a close. Major indices displayed gains for the third consecutive week, with the Dow achieving an all-time high. In September, the Dow increased by 1.8%, while the S&P 500 and Nasdaq also rose, with gains of 1.6% and 2.3% respectively. The article indicates that the Federal Reserve's recent decision to cut interest rates has contributed to market optimism, while upcoming economic reports, particularly concerning employment, may further influence market performance.

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Stock Forecasts

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Positive

Given the continuation of upward trends in major indices and positive economic indicators such as interest rate cuts and improving labor market conditions, risk assets are likely to advance. The fundamentals suggest stability and potential growth in stock prices, particularly in sectors benefiting from lower borrowing costs.

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