Stock Market News for Sep 3, 2024
U.S. stocks closed higher on Friday as investors assessed the July inflation data and adjusted their expectations for a potential rate cut. The Nasdaq, the Dow and the S&P 500 all closed in positive territory. Wall Street was closed on Monday to observe Labor Day. However, the last month was a strong one for Wall Street.Inflation Ticks Up in July, Supporting Likely Fed Rate Cut. For the week, the Nasdaq slipped 0.08%, the S&P 500 declined 0.04%, and the Dow edged down 0.09%.For the month, the S&P 500 gained 2.3%, the Dow rose 1.8%, and the Nasdaq edged up 0.6%.