Market Week: September 23, 2024
The Markets (as of market close September 20, 2024)
The interest rate decrease by the Federal Reserve helped drive stocks higher last week. Each of the
benchmark indexes listed here closed higher, led by the Russell 2000. Communication services, energy,
and utilities were the best performing market sectors, while consumer staples, health care, and real estate lagged. Gold prices surged past $2,600.00 per ounce, hitting a new, record high on Friday. Crude oil prices advanced for the second straight week, while the dollar retreated following the drop in interest rates.