Weekly Market Update/Recap with Dan Leach | September 27th, 2024

Benzinga

yesterday

In Benzinga's Weekly Market Update, Dan Leach provides a concise overview of the performance of major indices such as the S&P 500, NASDAQ, and Dow Jones. The episode highlights notable stock movements, with NVIDIA rallying over 5% and reaching a market cap above $3 trillion, joining Apple and Microsoft. Rate-sensitive sectors like clean energy and regional banks saw declines, despite a rate cut by the Fed. Mega Cap Tech maintained market highs with QQQs hitting new monthly peaks. Upcoming PCE data could provide insights into inflation trends. Key topics from Benzinga.com are also covered, including the S&P 500 hitting all-time highs, NASDAQ 100 crossing 20K, and the influence of economic data on the markets. Additionally, the episode discusses Moody's concerns over widening deficits and diverging credit risks ahead of the upcoming election.

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