3rd Quarter 2024 Market Commentary Yahoo Finance. Yet, much of the gain was concentrated in the stocks of companies that. Coming into 2024, the market was pricing in as many as seven 25 basis point rate cuts to the federal funds rate for this calendar year, despite inflation steadily above 3%.

Earnings per share (eps) surpassed analyst estimates by 26%. Yet, much of the gain was concentrated in the stocks of companies that.