Stock Market Update

18-Sep-24 15:35 ET

Major indices move toward highs ahead of the close

Dow +45.69 at 41651.87, Nasdaq +77.94 at 17705.98, S&P +14.68 at 5649.26

[BRIEFING.COM] The major indices are moving toward session highs amid ongoing turbulence after the latest move by the Fed.

Many stocks are participating in upside moves. Nine of the 11 S&P 500 sectors are higher and the equal-weighted S&P 500 sports a 0.4% gain. The energy (+0.8%) and consumer discretionary (+0.7%) sectors lead the pack and the materials sector (+0.2%) shows the slimmest gain.

Looking ahead to Thursday, participants receive the following data:

8:30 ET: Weekly Initial Claims (Briefing.com consensus 232,000; prior 230,000), Continuing Claims (prior 1.850 mln), Q2 Current Account (prior -$237.6 bln), and September Philadelphia Fed (Briefing.com consensus 3.0; prior -7.0)
10:00 ET: August Existing Home Sales (Briefing.com consensus 3.90 mln; prior 3.95 mln) and August Leading Indicators (Briefing.com consensus -0.3%; prior -0.6%)
10:30 ET: Weekly natural gas inventories (prior +40 bcf)