Stock market today: Dow, S&P 500 close at record highs to cap winning month for US stocks
Published On Nov 29, 2024, 2:02 PM
US stocks closed at record highs with the Dow up 0.4%, S&P 500 up 0.6%, and Nasdaq up 0.9%, highlighting a robust month for equities. Investments are encouraged by President-elect Trump's tariff threats appearing to weaken, as Mexican President Sheinbaum expresses optimism about avoiding tariff conflict. Despite a possible slower pace of Federal Reserve rate cuts, investor sentiment remains strong, potentially leading to another year of 20%+ gains for the S&P 500 if trends continue. Concerns around Trump's proposed tariffs could impact imports and GDP for trading partners, while companies like Super Micro Computer and Microsoft face unique market challenges and developments.
Stock Forecasts
SPY
Positive
With US stocks at record highs and a positive market sentiment heading toward the year's end, investors are likely to benefit from broad market ETFs. The S&P 500, which has shown strong resilience, seems poised for continued growth despite external pressures from potential tariffs and interest rate discussions.
SMCI
Negative
Super Micro Computer has experienced volatile trading, including a significant rally last week followed by a decline. Given its past performance and current market uncertainties, further volatility is likely. Investors should be cautious until the company's compliance status stabilizes.
MSFT
Positive
Microsoft's stock is under pressure from an FTC antitrust investigation, but there are expectations for a regulatory easing under a new administration. The potential for less scrutiny could bode well for future performance, but the current dip may present a buying opportunity for long-term investors.
Related News
Stock market today: Dow, S&P 500 close at record highs to cap winning month for US stocks
Nov 29, 2024, 2:02 PM
Stocks finished off a winning month of November at record highs to cap a holiday-shortened trading session.
Top states Americans moving to dominated by the South
Nov 29, 2024, 7:00 AM
The National Association of Realtors' annual Migration Trends study for 2024 shows Americans are flocking toward Southern states, and it is not because of the weather.
US Stock Futures Advance, Yen Rises on Inflation: Markets Wrap
Nov 29, 2024, 1:59 AM
(Bloomberg) -- US equity futures gained while Treasury yields fell on Friday, and the yen strengthened as Tokyo inflation data exceeded estimates. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasEuro Stoxx 50 contracts were little changed, while the S&P 500’s climbed after cash trading was closed Thursday for the Thanksgiving holiday. The moves under