SPECIAL REPORT The Top 7 Stocks for 2024

Why Are Stocks Up Today?

Advertisement

  • Stocks are up today alongside comments from members of the Federal Reserve.
  • That includes talk of lowering interest rates.
  • A rise in the Consumer Confidence Index is also helping out the market on Wednesday.
Stocks Up Today - Why Are Stocks Up Today?

Source: photo.ua / Shutterstock.com

Stocks are up today as investors react to the latest comments from members of the Federal Reserve.

The most important of these comes from Fed Governor Christopher Waller. He said that there’s no reason for interest rates to remain high so long as inflation continues to cool.

This is giving investors hope that interest cuts might be coming sooner than expected. Interest rates have remained high as part of the Fed’s plan to curb rising inflation. However, others in the central bank mentioned that it doesn’t want to keep rates too high for too long.

Another reason that stocks are up today is an increase in the Consumer Confidence Index. That jumped to 102 during November as compared to 99.1 in October. It’s worth mentioning that this is the first time in three months that the Consumer Confidence Index has increased instead of decreased.

With all of this positive news, let’s check out how the major indices are performing below!

Stocks Up Today: Major Indices Rally

  • Start us off today is the S&P 500 with its 0.33% increase on Wednesday morning.
  • Next on our list is the Dow Jones Industrial Average, which rose by 0.1% this morning.
  • Closing us out is the Nasdaq Composite, with its 0.44% jump today.

Investors looking for even more information about stock movements today will want to keep reading!

We have all of the hottest stock market news that traders need to know about on Wednesday! Among that is what has shares of GameStop (NYSE:GME), Leslie’s (NASDAQ:LESL) and Seelos Therapeutics (NASDAQ:SEEL) stock on the move today. All of that news is ready to go at the following links!

More Wednesday Stock Market News

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.


Article printed from InvestorPlace Media, https://investorplace.com/2023/11/why-are-stocks-up-today-nov-29th/.

©2024 InvestorPlace Media, LLC