Economy Country October 24, 2024

S&P 500 Rises After Three Consecutive Losses

The S&P 500 Index saw an increase on Thursday after experiencing three consecutive days of losses, signaling a potential market recovery.


The MUShar “Standard and Poor's 500” rose 0.5 to 4300.01 points after three consecutive declines.

As for the sectors, all major sectors recorded an increase, with the technology and healthcare sectors rising by 1.2 and 1.1, respectively.

In a statement for market analysts, one of the analysts said: "The current rise reflects investor optimism regarding the gradual improvement of the economy and positive expectations for S&P 500 companies."

On another note, American stocks were affected by the recent statements from officials at the Federal Reserve regarding a further assessment of the direction of monetary policy and the reduction of the asset purchase program.