Stock market today: S&P 500, Nasdaq close at record highs as tech surges to kick off December
Published On Dec 2, 2024, 4:00 PM
The Nasdaq and S&P 500 closed at record highs as tech stocks led gains driven by optimism surrounding job reports and potential Federal Reserve decisions. Notable stock movements included increases for Apple and Tesla, while Stellantis and Intel faced declines due to CEO resignations. Upcoming labor market data may influence Fed policy direction, with bets on rate cuts remaining despite mixed signals. The Consumer Discretionary sector also reached a new high. Super Micro's stock surged following a positive review outcome, and BlackRock is considering a significant investment in private credit.