Stock market today: Dow, S&P 500 jump to fresh records as key CPI report looms

Published On Oct 9, 2024, 4:04 PM

The stock market experienced significant gains, with the Dow Jones Industrial Average and S&P 500 reaching all-time highs. Market activity was influenced by anticipation of a key Consumer Price Index (CPI) report and ongoing discussions about potential actions against Google. Despite fluctuating movements, major indexes like the Nasdaq also improved, showcasing robust investor sentiment ahead of economic indicators.

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Stock Forecasts

SPYView SPY chart on TradingView

Positive

Given the positive market momentum and the stocks reaching record highs, investors may continue to see growth, especially if the upcoming CPI report shows stable inflation. Such data is critical as it could influence Federal Reserve policy going forward.

DIAView DIA chart on TradingView

Positive

The Dow's performance suggests strength in industrials and other heavyweights, leading to potential sustained upward trajectories in these sectors, especially if economic conditions remain favorable with low inflation rates.

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