Stock market today: Nasdaq, Dow, S&P 500 hit pause on rally as jobs report looms, bitcoin tops $100,000

Published On Dec 5, 2024, 2:52 PM

U.S. stocks experienced a slight decline as investors awaited the upcoming jobs report, while Bitcoin surged to record highs above $100,000 amidst optimism for a cryptocurrency-friendly regulatory environment under the incoming Trump administration. The Dow Jones fell by approximately 0.3%, and expectations of interest rate cuts by the Federal Reserve are fluctuating based on job growth indicators. Notably, the jobless claims increased to 224,000, indicating some labor market pressures. Investors are optimistic about various asset classes, with BlackRock forecasting strong U.S. stock performance through 2025.

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Stock Forecasts

DISView DIS chart on TradingView

Positive

Disney has announced a significant increase in its dividend, reflecting strong corporate performance and strategic renewal. This move is expected to bolster investor confidence and could lead to continued gains in the stock price as more investors look for dividend growth opportunities.

SPYView SPY chart on TradingView

Positive

BlackRock’s positive outlook on U.S. stocks suggests a favorable environment for equities, citing strong earnings growth and the potential for broader market performance beyond the major tech stocks. This could signal a continued upward trajectory for indexes such as the S&P 500.

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