Dow, S&P 500 hit new highs: Trading takeaways

The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) closed at record highs as stocks extended their rate-cut rally. The US is on track for a healthy third quarter as the Atlanta Fed’s GDPNow tool tracks 2.9% quarter-over-quarter GDP growth. Meanwhile, it’s a quiet week on Wall Street, which could be good for markets as they look to secure another week of gains.

Yahoo Finance Markets Reporter Josh Schafer breaks down his top takeaways from the trading day.

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This post was written by Melanie Riehl