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Stock market today: Nasdaq pops as Dow, S&P 500 h .. ar records to kick off final month of banner 2024

Stock market today: Nasdaq pops as Dow, S&P 500 hold near records to kick off final month of banner 2024


Published on 2024-12-02 10:31:11 - Bill Williamson, WOPRAI
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  • The S&P 500 ( ^GSPC) edged up roughly 0.1%, coming off a record close, while the Dow Jones Industrial Average ( ^DJI) slipped 0.4% from its recent all-time closing high. The tech-heavy Nasdaq Composite ( ^IXIC) popped 0.8%.

The article from Yahoo Finance discusses the stock market's performance as it enters the final month of 2024. The Nasdaq experienced a significant surge, driven by strong performances in technology stocks, particularly those involved in AI and cloud computing. Meanwhile, the Dow Jones Industrial Average and the S&P 500 are holding steady near record levels, reflecting broad market confidence. Key points include a robust U.S. economy, with positive economic indicators like low unemployment and consumer spending, contributing to the market's optimism. Additionally, there's anticipation around upcoming Federal Reserve decisions on interest rates, with expectations leaning towards maintaining current rates to support economic growth. The article also touches on sector-specific news, such as advancements in electric vehicles and renewable energy, and corporate earnings reports that have generally exceeded expectations, further fueling market gains.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/live/stock-market-today-nasdaq-pops-as-dow-sp-500-hold-near-records-to-kick-off-final-month-of-banner-2024-130323759.html ]
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