Breaking News: Market Update
September 12, 2024 – 4:45 PM ET
The US stock market saw a mixed performance on Thursday, as investors digested the latest economic data and corporate earnings reports. Here’s a breakdown of how the major US stock indexes fared today:
Dow Jones Industrial Average (DJIA)
- Opened at 32,455.23
- High: 32,592.45
- Low: 32,369.45
- Closed at 32,485.12 (-0.08%)
S&P 500 Index
- Opened at 4,011.19
- High: 4,034.21
- Low: 3,984.45
- Closed at 4,013.92 (-0.04%)
NASDAQ Composite
- Opened at 12,411.51
- High: 12,482.89
- Low: 12,358.35
- Closed at 12,453.17 (+0.12%)
Russell 2000 Index
- Opened at 1,931.54
- High: 1,944.24
- Low: 1,924.65
- Closed at 1,936.98 (+0.14%)
Key Economic Indicators:
- Inflation: The Labor Department reported a 0.2% increase in the Consumer Price Index (CPI) for August, slightly beating expectations.
- Jobs: The Bureau of Labor Statistics released the August Employment Report, showing a surprising 250,000-job gain, exceeding forecasts.
Top Performing Stocks:
- Visa Inc. (V) +2.45%: The payment processing company reported stronger-than-expected quarterly earnings.
- Amazon.com Inc. (AMZN) +1.92%: The e-commerce giant posted a significant increase in third-quarter revenue.
- Microsoft Corp. (MSFT) +1.64%: The software giant announced a deal to acquire a minority stake in the gaming company, Activision Blizzard.
Top Decliners:
- Coca-Cola Co. (KO) -1.93%: The beverage company reported a disappointing quarterly earnings report.
- Johnson & Johnson (JNJ) -1.63%: The healthcare company faced pressure amid concerns over its pharmaceutical portfolio.
- Ford Motor Co. (F) -1.49%: The automaker’s shares fell as it announced a major restructuring effort.
Market Analysis:
Today’s mixed performance reflects the ongoing tug-of-war between investors’ concerns about inflation and the economy, and their optimism about the resilience of the US corporate sector. As the markets continue to navigate this volatility, we’ll be watching for any developments that may impact the trajectory of these major indexes.
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[Business] – How major US stock indexes fared Thursday, 9/12/2024 | ABC
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