S&P 500 Closes at Record High of 577.14, Up 21.6% Year-to-Date, Marking 44th Record High with $13 Trillion Added

Oct 9, 2024, 04:07 PM

The S&P 500 reached a new all-time high on October 9, 2024, closing at 577.14, marking its 44th record high of the year. The index is up 21.6% year-to-date and has added over $13 trillion in market capitalization since October 2023. The gains come amid positive market sentiment following the release of Federal Reserve minutes and expectations of moderated inflation, with investors keenly awaiting upcoming CPI data. The Dow Jones Industrial Average also closed at a record high, contributing to a strong overall performance in U.S. equities.