{"id":21486,"date":"2024-09-23T16:06:00","date_gmt":"2024-09-23T20:06:00","guid":{"rendered":"https:\/\/azzadasset.com\/?p=21486"},"modified":"2024-09-24T17:03:52","modified_gmt":"2024-09-24T21:03:52","slug":"weekly-market-recap-september-23-2024","status":"publish","type":"post","link":"https:\/\/intelliserver.net\/wordpress\/podcast-and-market-recap\/weekly-market-recap-september-23-2024\/","title":{"rendered":"Weekly Market Recap \u2013 September 23, 2024"},"content":{"rendered":"\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/intelliserver.net\/wordpress\/wp-content\/uploads\/2024\/09\/Azzad-MarketWeek_9-23-24.mp3\"><\/audio><\/figure>\n\n\n\n<p>Stocks moved higher last week after the Federal Reserve\u2019s half-point rate cut, bolstered by multiple data points supporting a cooling but still strong economy and decelerating inflation.<br><br>The Standard &amp; Poor\u2019s 500 Index gained 1.36 percent, while the Nasdaq Composite rose 1.49 percent. The Dow Jones Industrial Average moved ahead by 1.62 percent.<\/p>\n\n\n\n<p><strong>Fed Cuts Rate 0.5 Percent<\/strong><\/p>\n\n\n\n<p>Stocks traded in a narrow range for the first half of the week as anxious investors awaited the outcome of the Federal Open Market Committee\u2019s (FOMC) September meeting.<\/p>\n\n\n\n<p>Shortly after 2 pm ET Wednesday, the Fed announced it was cutting rates by a half percentage point\u2014a more significant cut than some investors anticipated. Stocks initially rose in response and then fell. Some market watchers attributed the decline to concern that the Fed might be concerned about economic growth.<\/p>\n\n\n\n<p>But after sleeping on it, stocks rallied Thursday, with the Nasdaq, S&amp;P, and Dow climbing 2.5 percent, 1.7 percent, and 1.3 percent, respectively. The Dow topped 42,000 for the first time, while the S&amp;P crossed the 5,700 mark.<\/p>\n\n\n\n<p><em>Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.<\/em><\/p>\n\n\n\n<p><em>The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.<\/em><\/p>\n\n\n\n<p><em>The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.<\/em><\/p>\n\n\n\n<p><em>The Dow Jones Industrial Average (DJIA) is a price-weighted index composed of 30 widely traded blue-chip U.S. common stocks. The S&amp;P 500 is a market-cap weighted index composed of the common stocks of 500 largest, publicly traded companies in leading industries of the U.S. economy. The NASDAQ Composite Index is a market-value weighted index of all common stocks listed on the NASDAQ stock exchange. The Russell 2000 is a market-cap weighted index composed of 2,000 U.S. small-cap common stocks. The Global Dow is an equally weighted index of 150 widely traded blue-chip common stocks worldwide. The U.S. Dollar Index is a geometrically weighted index of the value of the U.S. dollar relative to six foreign currencies. Market indexes listed are unmanaged and are not available for direct investment.<\/em><\/p>\n\n\n\n<p><em>Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.<\/em><\/p>\n\n\n\n<p><em>International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stocks moved higher last week after the Federal Reserve\u2019s half-point rate cut, bolstered by multiple data points supporting a cooling but still strong economy and decelerating inflation. The Standard &amp; Poor\u2019s 500 Index gained 1.36 percent, while the Nasdaq Composite rose 1.49 percent. The Dow Jones Industrial Average moved ahead by 1.62 percent. Fed Cuts [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21489,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-21486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-podcast-and-market-recap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Weekly Market Recap \u2013 September 23, 2024 - Azzad Asset Management<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekly Market Recap \u2013 September 23, 2024 - Azzad Asset Management\" \/>\n<meta property=\"og:description\" content=\"Stocks moved higher last week after the Federal Reserve\u2019s half-point rate cut, bolstered by multiple data points supporting a cooling but still strong economy and decelerating inflation. 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