Morning Notes for September 11, 2024

Top Stories

Dow Drops 500 Points Amidst Tech Stock Sell-Off

The Dow Jones Industrial Average plunged 500 points on Monday, September 11, 2024, as investors dumped tech stocks over concerns about rising interest rates.

The sell-off was led by Apple and Microsoft, which both fell more than 5%.

Other tech stocks, including Amazon, Alphabet, and Meta Platforms, also suffered heavy losses.

Russia and Ukraine Agree to Ceasefire

Russia and Ukraine have agreed to a ceasefire, effective immediately, after months of intense fighting.

The ceasefire was brokered by Turkey and the United Nations.

It is hoped that the ceasefire will lead to a lasting peace agreement between the two countries.

Biden Announces New Climate Change Initiatives

President Joe Biden announced a series of new climate change initiatives on Monday, September 11, 2024.

The initiatives include a new clean energy tax credit, investments in renewable energy research, and a pledge to reduce greenhouse gas emissions by 50% by 2030.

Biden said that the climate crisis is "the existential threat of our time" and that the United States must take bold action to address it.

Other News

• Hurricane Ian makes landfall in Florida as a Category 5 storm.
• Liz Truss is elected Prime Minister of the United Kingdom.
• The World Health Organization declares the end of the COVID-19 pandemic.