Stock market today: Dow, S&P 500 edge higher with weekly wins in play
Published On Nov 22, 2024, 11:00 AM
US stocks saw a slight rise as investors reacted to key political developments and the ongoing fluctuations of bitcoin which is nearing the $100,000 mark. The S&P 500 and the Dow showed modest gains while the Nasdaq had a mixed performance following Nvidia's disappointing earnings that raised questions about the tech sector's reliance on AI-driven growth. Additionally, the cancellation of a merger between DirecTV and Dish Network created significant ripples in the pay-TV sector, impacting related stocks particularly EchoStar. Overall, investors are optimistic heading into the new administration with expectations of a more favorable economic environment and possibly lower interest rates next year.