The S&P 500 and Nasdaq composite index rose to record highs, as investor enthusiasm for artificial intelligence fueled a massive bull run, and investors cheered the Fed’s shift to lower interest rates.
U.S. markets’ stellar run this year has been driven by a growing economy, solid consumer spending and a strong jobs market.
U.S. stocks soared higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. Here’s a look at some of the numbers that defined the year.
After a stunning 703% run-up in price over the past five years, shares of Eli Lilly and Co. have been on a roller-coaster ride since September.
The S&P 500 tumbled 2.9%, the Dow Jones Industrial Average lost 2.6%, and the Nasdaq composite dropped 3.6%.
Analysts and investors are betting that further market-share gains and contributions from Walmart’s higher-margin ancillary businesses will extend the stock’s rally.
For years, bipartisan groups of lawmakers have pushed legislation to ban or limit congressional stock trading. Biden previously declined to take a position on the issue.
President-elect Donald Trump also will ring the opening bell at the New York Stock Exchange.
After a tough 2023, most publicly traded banks in the Hoosier state have seen at least a partial rebound in their stock prices this year.
Trump’s victory and the possibility of a Republican sweep of government buoyed investor hopes that his reelection could usher in an era of loosened government regulation and lower taxes, analysts said.
The Indianapolis-based health insurance giant said Thursday that its Medicaid enrollment tumbled 19% from 11 million people in last year’s third quarter.
Treasury yields also climbed in the bond market in a signal investors are feeling less worried about the economy after a report showed fewer U.S. workers applied for unemployment benefits last week.
Stronger-than-expected profit reports from several big U.S. companies helped drive the market.
U.S. stock markets plummeted Monday, with two major indexes racking up their worst day of trading in almost two years.
Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Several online brokerage firms appeared to be down for thousands of users early Monday during one of the biggest stock markets sell-offs of 2024.
A report Friday showing hiring by U.S. employers slowed last month by much more than expected has convulsed financial markets, vanquishing the euphoria that had taken the Nikkei 225 to all-times highs of over 42,000 in recent weeks.
Worries are rising the Federal Reserve might have kept its main interest rate at a two-decade high for too long.
The spotlight is turning to Indianapolis-based Eli Lilly and Co. as the next possible member of the so-called “Trillion-Dollar Club,” based on the drugmaker’s climbing stock price and swelling demand for its treatments for diabetes, obesity and other diseases.
Unlike other record-setting days, Tuesday’s came after a widespread rally where nearly nine out of every 10 stocks in the S&P 500 rose, instead of just the handful of influential Big Tech stocks.
