S&P 500 Notches Fresh Record Ahead of PCE Data: Markets Wrap

Oct. 1, 2024 - Yahoo Finance

(Bloomberg) -- US stocks rose as traders await bigger clues about the health of the economy after upbeat data on Thursday. Most Read from BloombergThe S&P 500 climbed 0.

4% to its 42nd closing record of this year. Markets were ebullient earlier after data highlighted a resilient US economy and China pledged to support fiscal spending.

Earlier, revised data showed the US economy emerged from the pandemic in better shape than initially expected. Most Read from Bloomberg Businessweek©2024 Bloomberg L.

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