Market Brief 13 September, 2024

Good evening, investors and traders! The markets are showing positive momentum today, with the S&P 500 Index (GSPC) up by 0.54% to 5,626.03 and the Nasdaq 100 Index (NDX) up by 0.46% to 19,512.74. Several key news items are driving market sentiment, including the approval of a plan to raise the retirement age in China for the first time since 1978, which could have a positive impact on the global economy. Additionally, the Federal Reserve is expected to cut interest rates next week, which could further boost market optimism. The crypto market is also seeing some positive movement, with Bitcoin nearing $60,000 and XRP gaining momentum after the launch of Grayscale's XRP Trust. However, there are also some concerns about the potential for a sell-off in the crypto market, as well as the ongoing regulatory scrutiny of the industry.