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u.s. stocks closed: three major indexes rose and fell, nvidia's market value returned to $3 trillion

2024-09-26

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cailianshe news, september 26 (editor: xia junxiong)on wednesday, eastern time, the three major indexes had mixed gains and losses, with the dow jones industrial average and the s&p 500 both falling, and only the nasdaq rising slightly.

(minute chart of the three major indexes, source: tradingview)

as of the close, the dow jones industrial average fell 0.70% to 41,914.75 points; the s&p 500 fell 0.19% to 5,722.26 points; and the nasdaq rose 0.04% to 18,082.21 points.

the dow jones and s&p 500 hit new highs in early trading, but eventually fell, retreating from record highs. previously, the dow jones and s&p 500 set new record highs in a row, boosted by the federal reserve's easing cycle launched last week.

historically, september is usually a weak month for the u.s. stock market, but thanks to the federal reserve's interest rate cuts, the three major indexes are currently up on the monthly line.

“this is consistent with historical patterns, as equities tend to perform well in periods when the fed is easing policy and the u.s. economy is still growing,” said solita marcelli, chief investment officer for the americas at ubs global wealth management. “but how successful the fed is in guiding the u.s. economy to a soft landing will be critical in determining the outlook for other asset classes.”