Stock market today: Nasdaq, Dow, S&P 500 hit records as tech surges, Fed's Powell says economy in 'remarkably good shape'
Published On Dec 4, 2024, 7:12 PM
On Wednesday, US stocks saw significant gains, with all major indexes recording new all-time closing highs, driven by a strong performance in the tech sector. Federal Reserve Chair Jerome Powell announced that the US economy is doing very well and hinted at potential interest rate cuts in December. Companies like Salesforce, Amazon, and Nvidia witnessed stock surges owing to strong earnings and optimistic growth forecasts, while Foot Locker faced a downturn after cutting its guidance due to decreased consumer demand.