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 on Friday, with key indexes including the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite seeing significant gains. This rally capped off a strong month for these indexes, which have all performed well throughout November. Market optimism has been buoyed by hopes for mitigating tariff tensions, especially with tentative positive comments from Mexican officials regarding US trade relations. Despite concerns over potential future tariffs and the implications for inflation, investor enthusiasm remains high as the market approaches year-end.
Stock Forecasts
SPY
Positive
Given the positive momentum in major US indexes and the easing of potential tariff conflicts, investor confidence is expected to continue in the short term. The potential for further gains as year-end approaches suggests an optimistic outlook.
SMCI
Negative
Super Micro Computer's stock has been volatile due to recent financial disclosures. Despite significant fluctuations, it remains down for the year compared to broader markets. The regulatory scrutiny and the company's past performance impact its future prospects negatively in the short term.
MSFT
Positive
Microsoft's recent stock decline due to the FTC's investigation is expected to be short-lived as regulatory burdens may ease under new leadership. This could lead to a rebound as market conditions improve.
GOOGL
Positive
With the anticipated easing of regulatory pressures on major tech firms, investor outlook on Microsoft, and possibly other tech stocks, is likely to improve, as fears regarding antitrust actions may mitigate with new regulatory leadership coming in.
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