S&P 500 ekes out record closing high; declines briefly after Powell
- Posted on October 1, 2024
- By Business News Today
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S&P 500 ekes out record closing high; declines briefly after Powell
The S&P 500 reached a record high close, recovering after Fed Chair Powell indicated no rush for more rate cuts. The Dow also hit a peak as all major indexes posted monthly and quarterly gains. Investors' confidence in the Fed's outlook remains robust.
