Published On Oct 4, 2024, 4:11 PM
The Dow Jones Industrial Average reached a record high, bouncing back from losses earlier in the week. This surge was fueled by a stronger-than-expected jobs report, which indicated robust job growth. Investors reacted positively, leading to a broad increase in stock prices and a recovery of some weekly losses.
Positive
The strong jobs report suggests a resilient economy that could lead to sustained consumer spending and economic growth, which is generally favorable for the stock market.
Capitalist Pig hedge fund manager Jonathan Hoenig weighs in on market rallies, his concern for everyday Americans amid inflation, and his stock pick.
Oct 11, 2024, 12:25 PM
JPMorgan Chase & Co. chief Jamie Dimon on Friday sounded the alarm about "critical risks" to the U.S. economy in the bank's third quarter earnings report.
Slatestone Wealth Chief Market Strategist Kenny Polcari discusses the market rallying following the inflation report, Jamie Dimon's warning of geopolitical risks, and how he fared during Hurricane Milton.