The S&P 500 ticked higher to a new record to began December trading as investors looked for stocks to add to big November gains.
The S&P 500 was higher by 0.2%, touching a new intraday record. The Nasdaq Composite added 1%, also reaching a new intraday high. The Dow Jones Industrial Average was down 0.3% after briefly trading above 45,000. The blue-chip index had previously touched the milestone briefly a few times last week.
Intel jumped 3% after CEO Pat Gelsinger retired after four years of underperformance at the chipmaker. Shares of Tesla also gained 3% following an upgrade to buy from neutral at Roth MKM, with the firm citing as a catalyst Musk’s close relationship with President-elect Donald Trump. AI server maker Super Micro Computer surged 19% after a special committee found “no evidence of misconduct” and that the firm’s financial statements were “materially accurate.”
November marked the best month of 2024 for both the Dow and S&P 500, with the two gaining 7.5% and 5.7% respectively for the period. Most of the gains came in a postelection rally after President-elect Donald Trump emerged as the winner. Both of the indexes notched closing highs in Friday’s shortened trading session.
https://www.cnbc.com/2024/12/01/stock-market-today-live-updates.html
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