Stock Market Update Monday September 30, 2024

Stock Market Update Monday September 30, 2024 Stocks closed out the month and quarter in positive territory today. In today's session, both the Dow Jones Industrial Average and the S&P 500 posted record highs. The Nasdaq Composite gained 0.38%, and the Russell 2000 was up 0.04%. The Health Care sector was the top performer, rising approximately 0.5%, while the Materials sector lagged, declining about 0.75%. Among individual equities, Apple, FedEx, and CVS Health were among the day's best-performing stocks, each advancing more than 2%.

Away From Stocks: Treasury securities came under pressure, with the two-year yield jumping 11 basis points to 3.66% following less dovish-than-usual commentary from Federal Reserve Chair Jerome Powell. West Texas Intermediate (WTI) crude oil held above $68 per barrel, gold continued its pullback to $2,635 per ounce, and Bitcoin similarly retrenched to $63,600. The CBOE Volatility Index (VIX) settled just below 17.