Stonecrop Wealth Advisors’ Post

Nasdaq Sets New High Stocks traded in a narrow band early in the week but ended the five-trading sessions with a powerful advance. While the Dow dipped lower, artificial intelligence (AI) names powered the gains in the S&P 500 and the Nasdaq Composite. The Nasdaq bobbed around the 16,000 level for most of the week before posting consecutive record highs on Thursday and Friday, surpassing its 2021 record. It was the last of the three major stock benchmarks to reach a record high this year.1 Economic news also helped boost markets. The Personal Consumption Expenditures (PCE) Index, the Fed’s preferred inflation gauge, rose 0.3 percent in January versus December—and 2.4 percent on a 12-month basis. Both were in line with expectations. Stocks ticked up on Thursday following the release of the report.2 1. The Wall Street Journal, February 29, 2024 2. CNBC.com, February 29, 2024

Nasdaq Sets New High Stocks traded in a narrow band early in the week but ended the five-trading sessions with a powerful advance. While the Dow dipped lower, artificial intelligence (AI) names powered the gains in the S&P 500 and the Nasdaq Composite. The Nasdaq bobbed around the 16,000 level for most of the week before posting consecutive record highs on Thursday and Friday, surpassing its 2021 record. It was the last of the three major stock benchmarks to reach a record high this year.1 Economic news also helped boost markets. The Personal Consumption Expenditures (PCE) Index, the Fed’s preferred inflation gauge, rose 0.3 percent in January versus December—and 2.4 percent on a 12-month basis. Both were in line with expectations. Stocks ticked up on Thursday following the release of the report.2 1. The Wall Street Journal, February 29, 2024 2. CNBC.com, February 29, 2024

Stocks closed higher on Friday, continuing the market's remarkable recovery from Monday's sharp sell-off. The S&P 500 rose 0.47% to 5,344.16, and the Nasdaq Composite added 0.51% to finish at 16,745.30. The Dow Jones Industrial Average inched up 51 points, closing at 39,497.54. Despite this rebound, the market's performance for the week was mixed. The S&P 500 ended just 0.04% lower, while the Dow and Nasdaq were down 0.6% and 0.18%, respectively. This week was the most volatile of 2024, with the Dow plunging 1,000 points on Monday due to disappointing payroll data and concerns about the Federal Reserve's delayed rate cuts. #StockMarket #Investing #FinanceNews #SP500 #Nasdaq #DowJones #MarketUpdate #Volatility #FinancialMarkets #EconomicNews

US stocks rallied to close out the best February for the S&P 500 and Nasdaq Composite in nearly a decade as investors digested a crucial inflation reading. The Nasdaq Composite closed up 0.9%, finishing at 16,091.92 — its highest close on record. The S&P 500 added 0.5% to finish at 5,095.88, a new record-high. Meanwhile the Dow Jones Industrial Average popped 0.1%.

On Monday, stocks continued to climb, driven by gains in the technology sector, further extending a rally that has propelled major indexes to record levels. The S&P 500 and Dow Jones Industrial Average increased by 0.8% and 0.5%, respectively, both closing at all-time highs, while the Nasdaq Composite rose 1%, approaching its own record. This momentum follows a five-week winning streak, with Friday's gains fueled by strong earnings from major banks and an optimistic inflation report.

Stocks have moved mostly higher during trading on Monday, regaining ground following the sell-off seen last Friday. The Nasdaq and the S&P 500 have climbed firmly into positive territory, although the narrower Dow is lingering near the unchanged line. In recent trading, the major averages have reached new highs for the session.

US stocks jumped to fresh all-time highs on Monday with the S&P 500 notching its 30th record close of the year as Wall Street wondered if the bull rally that has roared through 2024 has more room to run. The S&P 500 rose nearly 0.8% while the tech-heavy Nasdaq Composite rose almost 1% to notch its sixth consecutive record close. The Dow Jones Industrial Average gained 0.5%. https://yhoo.it/3z7TUba

US stocks rallied to close out the best February for the S&P 500 and Nasdaq Composite in nearly a decade as investors digested a crucial inflation reading. The Nasdaq Composite closed up 0.9%, finishing at 16,091.92 — its highest close on record. The S&P 500 added 0.5% to finish at 5,095.88, a new record-high. Meanwhile the Dow Jones Industrial Average popped 0.1%. https://yhoo.it/3uJFZGz

U.S. stocks are off to their best start to a year since 2019 – and the rally is not just about the Magnificent Seven: While the so-called Magnificent Seven tech stocks continued to lead much of the stock-market rally that propelled the S&P 500 SPX and the Dow Jones Industrial Average DJIA to record highs this month, some of the beaten-down corners of the market also found the spotlight. Investors want to know if the positive momentum is finally spilling out beyond the megacap technology https://lnkd.in/ekJY6ZkD