evrimagaci.org on Nostr: Dow Hits New Heights With S&P 500 And Nasdaq Surging ========== On December 5, 2024, ...
Dow Hits New Heights With S&P 500 And Nasdaq Surging
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On December 5, 2024, the Dow Jones Industrial Average closed above 45,000 for the first time, finishing at 45,014.04, up 308.51 points (0.69%); the S&P 500 rose 36.61 points (0.61%) to 6,086.49; the Nasdaq surged 254.21 points (1.3%) to 19,735.12. Key tech stocks like Salesforce and Marvell Technology drove gains, with Salesforce up nearly 11% and Marvell up 23.2%. Despite mixed economic data, including ADP reporting only 146,000 new jobs against a forecast of 165,000, investor confidence was bolstered by Federal Reserve Chairman Jerome Powell's comments on potential rate cuts. The ISM report showed service sector growth decelerated from 56.0 to 52.1, raising questions about the job market's health. Analysts noted a renewed interest in tech stocks, with Nancy Tengler suggesting they could reaccelerate. The airline sector also performed well, with the NYSE Arca Airline Index climbing 2.9%. Investors await the jobs report due on December 6, predicting 214,000 jobs added in November.
#StockMarket #DowJones #S&p500 #Nasdaq #Technology #Economy #FederalReserve #Employment #Airlines #Investors
https://evrimagaci.org/tpg/dow-hits-new-heights-with-sp-500-and-nasdaq-surging-77115
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On December 5, 2024, the Dow Jones Industrial Average closed above 45,000 for the first time, finishing at 45,014.04, up 308.51 points (0.69%); the S&P 500 rose 36.61 points (0.61%) to 6,086.49; the Nasdaq surged 254.21 points (1.3%) to 19,735.12. Key tech stocks like Salesforce and Marvell Technology drove gains, with Salesforce up nearly 11% and Marvell up 23.2%. Despite mixed economic data, including ADP reporting only 146,000 new jobs against a forecast of 165,000, investor confidence was bolstered by Federal Reserve Chairman Jerome Powell's comments on potential rate cuts. The ISM report showed service sector growth decelerated from 56.0 to 52.1, raising questions about the job market's health. Analysts noted a renewed interest in tech stocks, with Nancy Tengler suggesting they could reaccelerate. The airline sector also performed well, with the NYSE Arca Airline Index climbing 2.9%. Investors await the jobs report due on December 6, predicting 214,000 jobs added in November.
#StockMarket #DowJones #S&p500 #Nasdaq #Technology #Economy #FederalReserve #Employment #Airlines #Investors
https://evrimagaci.org/tpg/dow-hits-new-heights-with-sp-500-and-nasdaq-surging-77115