From Nasdaq: 2024-11-21 18:43:36

On Thursday, major US stock indices closed higher, with the S&P 500 up +0.53%, Dow Jones up +1.06%, and Nasdaq up +0.36%. Chip stocks rallied, led by Nvidia. Software stocks like Snowflake also surged. Dovish Fed comments supported stocks. However, Alphabet fell after antitrust concerns. Bitcoin hit a record high above $98,000 on hopes of crypto-friendly regulations under President-elect Trump.

US economic news was mixed, with Oct home sales beating expectations but leading indicators and Philly Fed survey disappointing. Weekly jobless claims fell unexpectedly, but continuing claims rose. Overseas, European bond yields fell, and Eurozone new car registrations rose. ECB members hinted at rate cuts. In US stock movers, software stocks like Snowflake surged, while Alphabet and PDD Holdings fell. Deere & Co and Amentum Holdings saw gains. Dell Technologies rose after an upgrade.

Earnings reports for 11/22/2024 included companies like AMMO Inc, B Riley Financial, and Buckle Inc. Author Rich Asplund did not hold positions in mentioned securities. The information provided is for informational purposes only.

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