Published on 24 Sep 2024 on Insider Monkey · via Yahoo Finance

Is Makemytrip Ltd. (MMYT) the Best Performing Stock in 2024?

We recently compiled a list of the 10 Best Performing Stocks in 2024. In this article, we are going to take a look at where Makemytrip Ltd. (NASDAQ:MMYT) stands against the other great-performing stocks.

Dow Breaks Record

The Dow Jones Industrial Average has recently made headlines by closing above the 42,000 mark for the first time, a significant milestone that reflects a surge in investor confidence following a substantial interest rate cut by the Fed. This momentous achievement occurred on September 19, when the Dow jumped over 500 points, closing at 42,063.36. This rise was part of a broader trend in the stock market, with major indices experiencing overall gains throughout the week, largely fueled by optimism surrounding the Fed's decision to lower interest rates by 0.5%.