The market pulled away from all-time highs after opening to a green, ninth session of gains. If the S&P 500 closed higher, it would be its longest winning streak for the year, but shortly after the 4 pm ET close, the index $S&P 500 Index (.SPX.US)$ was falling back 0.20%.
The $Dow Jones Industrial Average (.DJI.US)$ fell 0.15%, and the $Nasdaq Composite Index (.IXIC.US)$ fell 0.33%.
Investors are digesting comments made during the Democratic National Committee, where the Harris campaign made public their plans to combat price gouging, subsidize housing, and raise the corporate tax rate 7% to 28%.
Investors are also awaiting Powell's speech at Jackson Hole this week in macroeconomics on Friday at 10 am ET; catch it live on moomoo with our broadcast and commentary.
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Traders, what do you think, is the market in 2024 about following the herd? What you watching on the stock market today? What is the herd following? Let me know in the comments below!
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