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
Sidebar rates
Related Posts
SaveAdd 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals