U.S. markets, including Dow, S&P 500, and Nasdaq, reached mixed records in September with a Fed rate cut and positive economic data.

In September, U.S. markets showed mixed performance, with the Dow Jones Industrial Average reaching a record high. Despite the historical trend of September being unfavorable for stocks, the S&P 500 and Nasdaq also posted gains. Contributing factors included a Federal Reserve interest rate cut and positive economic data, as the PCE price index rose 0.1% month-over-month and 2.2% year-over-year, below expectations. The major indexes are likely to finish the month positively.

September 30, 2024
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