NY Dow rises 20 points on the 1st as additional rate hike expectations recede
In U.S. trading on Oct. 1, the Dow Jones Industrial Average rose $20.51 from the previous day to close at $50,926.56, posting a modest rebound after four sessions of losses. Minneapolis Federal Reserve President Kashkari told Reuters he had "no strong opinion" on whether the Federal Open Market Committee (FOMC) should decide on an additional rate hike at its October meeting. Easing expectations for additional rate hikes provided support for the broader market.
Salesforce Inc. and Boeing Co. gained ground, while IBM Corp. traded firmly. Accenture plc surged sharply. On the other hand, Johnson & Johnson and Walt Disney Co. underperformed.
The Nasdaq Composite Index rose 10.53 points to 26,871.59, extending its gains for a second consecutive session. Micron Technology Inc. attracted buyers, and Nvidia Corp. held firm. Vicor Corp. and Mattel Inc. posted significant gains. Meanwhile, Alphabet Inc. and SpaceX had a lackluster session.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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