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u.s. stocks closed: technology breakthroughs pulled up the index, and the nasdaq and s&p rose for four consecutive days

2024-09-13

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cailianshe news, september 13 (editor: shi zhengcheng)last night and this morning, with the latest us ppi data in line with expectations, all important data before the fed launched this round of interest rate cuts have been released. just as the us stock market was about to enter "wait mode",openai unexpectedly released the "strawberry" model, driving the us stock market to a wave of afternoon rally

as of the close, the s&p 500 rose 0.75% to 5,595.76 points; the nasdaq rose 1% to 17,569.68 points; and the dow jones industrial average rose 0.58% to 41,096.77 points.

(s&p 500 index time-sharing chart, source: wind)

as the nasdaq and s&p rose for the fourth consecutive day,the s&p 500 is currently 1.3% away from its all-time high of 5,669.67 points.

of course, including huang renxun's speech yesterday, the tech giant has been pulling the us stock market higher for two consecutive days. this also means that such days will not appear every day, and the market will eventually return to a state that reflects fundamentals.

mona mahajan, senior investment strategist at edward jones, said:people usually wait and see before the federal reserve meeting, and the u.s. stock market will remain volatile in september, which is usually a weak month.if the market continues to trade on the back of the fed’s rate cuts and easing inflation, and ultimately a soft landing for the economy, historically, the market should continue to perform well in this scenario.