The U.S. stock market saw a rebound in the Dow Jones Industrial Average, while the Nasdaq Composite extended its gains for a fourth consecutive day.
On Friday, October 5, the U.S. stock market saw the Dow Jones Industrial Average rebound by closing 104.05 points higher at 47,954.99, while the Nasdaq Composite Index rose for the fourth consecutive day, gaining 72.992 points to close at 23,578.128. The approximate trading volume was 1.16265 billion shares on the NYSE and 7.53859 billion shares on the Nasdaq.
U.S. personal income for September increased by 0.4% from the previous month, surpassing the market consensus forecast of a 0.3% rise. Personal consumption expenditures also rose by 0.3%, matching market expectations. In line with these figures, expectations for an interest rate cut at the FOMC (Federal Open Market Committee) meeting were sustained. Among the Dow components, Salesforce, Goldman Sachs, and Visa were among the top gainers.
The yen-denominated settlement value of the CME Nikkei 225 futures contract closed 200 yen higher at 50,680 compared to the Osaka Exchange settlement value on Friday, October 5.
Provided by: Wealth Advisor Co.
