Blue Chips, S&P 500 Reach Key Milestones

From Nasdaq: 2024-11-08 16:25:04

Stocks surged to their best weekly performance since November 2023, with the Dow and S&P 500 hitting record highs. The Nasdaq and Russell 2000 also saw significant gains. The Cboe Volatility Index (VIX) closed at its lowest level since August. In other news, special counsel Jack Smith requested a pause in the criminal case against President-elect Donald Trump, consumer credit increased slowly in September, cloud stock slipped post-earnings, Airbnb stock fell after mixed results, and fintech stocks moved in different directions. Oil prices fell as Trump called for more U.S. production, while gold prices dropped due to a strong dollar.



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