Stock market today: S&P 500 trades at record high, Nasdaq jumps with earnings on deck
Published On Oct 14, 2024, 10:32 AM
US stocks climbed to record highs on Monday, with the S&P 500 rising approximately 0.6% and the tech-heavy Nasdaq climbing around 1%. This surge is attributed to strong earlier earnings from major banks and anticipation of further earnings reports this week. Notable companies such as Goldman Sachs, Citi, and Bank of America will soon release their earnings. There is also speculation about the Federal Reserve's potential interest rate decisions, influenced by recent economic data. Despite these positive trends, Boeing shares fell nearly 3% amid significant job cuts and ongoing union strikes.