9 August: S&P 500, Dow, and Nasdaq rise after 3-day losing streak, with Uber and Caterpillar contributing to market optimism.

Wall Street and Japan's stock market saw a sense of calm on August 9, as the S&P 500 rose 0.6% after a three-day losing streak. The Dow Jones Industrial Average increased by 48 points and the Nasdaq composite saw a 0.8% rise, following a turbulent period of global market swings. Positive corporate earnings, including Uber's strong performance and Caterpillar's profit beat, boosted market optimism. Despite recent market fluctuations, the US stock market continues to post healthy gains for the year, with the S&P 500, Dow and Nasdaq all achieving double-digit percentage increases.

August 06, 2024
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