Jun 7, 2024 - Economy

Charted: Stocks are doing just fine

The line chart shows the daily changes in the S&P 500 stock price from Jan. 2 to June 7, 2024. The data indicates a general upward trend with some fluctuations, ending at +12.7% today.
Data: Yahoo Finance; Chart: Axios Visuals

Stocks held the line today, despite diminished expectations for near-term rate cuts.

The big picture: The S&P 500 index is up 12.7% this year, the Nasdaq has risen 16%, and the Dow is up 2.9%.

  • Household net worth increased 3.3% to $160.8 trillion in the first quarter, according to a Federal Reserve report today.
  • Almost 75% of the growth was attributable to fattened stock portfolios.
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This story was an excerpt from Axios Closer, a recap on the day's biggest business stories.

Read the full edition