Another Record Close for S&P 500 and Nasdaq, As the Trump Trade Continues

The US stock markets closed mostly higher today, with the NASDAQ and S&P 500 indices posting gains once again and reaching record highs, while the Dow Jones Industrial Average declined.

Meanwhile, the Russell 2000 index of small-cap stocks showed little movement. The NASDAQ set another all-time high, propelled by strong performance in large-cap technology stocks, indicating renewed momentum for the “Magnificent 7” (Mag7). This marked a significant rebound, especially as many big-cap tech firms faced challenges in November.

S&P Chart Daily – The Bullish Momentum Doesn’t Stop

Consumer cyclical stocks shined in today’s session, driven by Tesla’s (TSLA) impressive 2.64% gain, signaling growing investor optimism about the automaker’s future prospects. In contrast, the technology sector delivered mixed results. Advanced Micro Devices (AMD) rose 0.72%, highlighting positive sentiment in the semiconductor space, while Microsoft (MSFT) dipped 0.34%, suggesting some unevenness within the tech landscape.

Overall, the NASDAQ’s breakout above its early-November highs on the first day of December underscores a strong start for big-cap tech. Meanwhile, lagging stocks from last month showed signs of recovery, contributing to broader market optimism.

The Closing Levels for Main US Stock Indices

• Dow Jones Industrial Average: Declined by 128.65 points (-0.29%) to 44,782.00.
• S&P 500 Index: Increased by 14.77 points (+0.24%) to 6,047.15.
• NASDAQ Composite Index: Advanced by 185.78 points (+0.97%) to 19,403.95.
• Russell 2000 Index: Edged lower by 0.587 points (-0.02%) to 2,434.13.

S&P 500 Live Chart

ABOUT THE AUTHOR See More

Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

Related Articles

Dow Jones DJIA Makes the Break Higher as Trade Optimism Lift Stock Markets

16 hours ago

Save

S&P 500 Bulls Return Despite Stiff Powell and Hawkish Fed Interest Rates

2 days ago

Save

Dow Jones DJIA Leads Decline in US Stocks As We Warned Yesterday

3 days ago

Save

Comments

0 0 votes

Article Rating

Subscribe

Login

Notify of

new follow-up commentsnew replies to my comments

Please login to comment

0 Comments

Oldest

Newest Most Voted

Inline Feedbacks

View all comments