Markets Surge, Fed in Focus

Team Veye | 13-Sep-2024

Shrugging off higher than expected producer price data, the S&P 500 moved higher on Thursday, consecutively for fourth day, by 0.75 per cent to close at 5,595.80. The Dow Jones Industrial Average surged 235.06 points, or 0.58 per cent, to end at 41,096.77 and the tech-heavy Nasdaq Composite jumped 1 per cent, closing at 17,569.68. 

Technology, Consumer services and Basic Materials sectors led the shares inch higher. New York Stock Exchange reported 2136 stocks ri...

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