From Nasdaq: 2024-11-21 16:26:12

The Dow surged over 460 points and the S&P 500 ended strong, driven by investors favoring cyclical stocks. Tech stocks like Nvidia saw a shift as traders reacted to their earnings report, boosting the Nasdaq slightly.

SEC Chair Gary Gensler is stepping down, allowing President-elect Donald Trump to appoint a replacement. Existing-home sales rose 3.4% in October, Snowflake stock soared after beating earnings, BJ’s Wholesale Club announced a billion-dollar buyback, and Merus stock received a new “buy” rating.

Oil prices hit a two-week high due to tensions between Ukraine and Russia, with WTI crude settling at $70.10 per barrel. Gold prices also rose to a one-week high, reaching $2,674.90 an ounce, amid the same geopolitical concerns.



Read more at Nasdaq: Dow Pops 460 Points as Traders Cycle Out of Tech