From Investing.com: 2024-11-22 16:12:21

The Dow closed at a new record high, driven by a rotation into cyclical stocks like industrials, with Boeing leading the way. The S&P 500 and Nasdaq also saw gains. Strong business activity data has raised doubts about a December rate cut by the Federal Reserve. In Europe, the Eurozone economy took a sharp turn for the worse. In the tech sector, Alphabet stock dropped following the Department of Justice’s recommendations to curb its monopoly. Nvidia stock fell despite an earnings beat, while Gap stock surged on strong earnings. Intuit stock fell after disappointing guidance.



Read more at Investing.com: Dow rides rotation into cyclicals to close at record high By Investing.com