Market Brief 09 September, 2024

Good evening, investor! The markets are looking strong today, with the S&P 500 Index (GSPC) up by 1.16% to 5,471.2 and the Nasdaq 100 Index (NDX) up by 1.31% to 18,662.7. Some of the most notable news today includes the announcement of Apple's new iPhone 16, which will be released in October, and the news that the Federal Reserve is expected to cut interest rates by 125 basis points over the rest of 2024. The markets are also reacting to the news that China's consumer prices rose less than expected last month, adding to signs that policymakers are struggling to get households spending. In addition, the news that the US Treasury is selling 3s, 10s and 30s this week is also impacting the markets. Finally, the news that the US states are reaching a $1 billion crypto fraud settlement with GS Partners, with investors set to receive full refunds, is also being closely watched by investors.