Tech stocks rebounded after Trump's tariff threats, Dow and S&P 500 hit record highs.

From Nasdaq: 2024-11-27 09:25:00

Wall Street closed higher as tech stocks rebounded after President-elect Donald Trump’s tariff threats. The Dow and S&P 500 hit record highs. The Dow Jones Industrial Average gained 0.3%, while the S&P 500 jumped 0.6%. The Nasdaq surged 0.6%. Trump proposed tariffs on Canada, Mexico, and China, impacting automakers like GM and Ford. Stocks recovered as investors embraced the potential economic growth under Trump. The Fed plans gradual interest rate cuts. Consumer confidence rose, but new home sales dropped. For the latest stock recommendations, see Zacks Investment Research.



Read more at Nasdaq: Stock Market News for Nov 27, 2024