Market Brief 24 September, 2024

Good evening, investors and traders! The markets are showing positive momentum today, with the S&P 500 Index (GSPC) up by 0.25% to 5,732.99 and the Nasdaq 100 Index (NDX) gaining 0.47% to 19,945.33. China's central bank has announced a series of stimulus measures, including interest rate cuts and easing rules for second home purchases, which has boosted global risk appetite. The Fed's easing pace is also in focus, with analysts predicting another 50 basis point cut in November. The cryptocurrency market is also seeing positive momentum, with Bitcoin surging to $64,000 and Ethereum rallying to $2,700. Caroline Ellison, former Alameda Research CEO, was sentenced to two years in jail for her role in the FTX fraud.