Stocks
US Stocks Rise on Tech Gains and Easing Inflation Worries
The US stock market closed with gains on September 30th, as the Dow Jones Industrial Average rose by 35.03 points or 0.07% to reach 51,384.95.
The Nasdaq Composite was a standout performer, increasing by 159.24 points or 0.59% to reach 26,956.78.
The S&P 500 added 27.35 points or 0.36% to close at 7,698.19, driven in part by the technology sector's strong performance.
Nvidia was among the top gainers, with a market capitalization of around $5.58 trillion and a 1.43% increase.
The weak PCE data released on September 30th eased concerns about another rate hike from the Federal Reserve, contributing to the positive market sentiment.