S&P 500 hits a record high, fueled by investor optimism and positive economic indicators.

From Nasdaq: 2024-11-29 12:34:02

Stocks in the S&P 500, Dow Jones, and Nasdaq are up today, with the S&P hitting a new high. Bond yields are down, with T-notes at a 1-month low. Chip stocks rise on reports of eased US restrictions. European markets are mixed. ECB eyes rate cuts amid recession fears due to US tariffs.

Investors pour $141 billion into US equities, fueling record highs. Markets predict a 66% chance of a -25 bp rate cut at the FOMC meeting. Overseas markets show mixed results. Bond yields drop, with German bunds hitting a 1-3/4 month low. Eurozone CPI meets expectations, while German retail sales decline.

Chip stocks surge on eased US restrictions on sales to China. Lam Research leads S&P 500 gainers. Boeing rises after aircraft order. Voyager Therapeutics climbs on analyst coverage. SentinelOne and Zscaler see price target upgrades. MercadoLibre, Workday, Fifth Third Bancorp, Corteva, and Microsoft face declines. Earnings reports include Cleanspark, iLearningEngines Holdings, and more.



Read more at Nasdaq: S&P 500 Posts a New Record High in a Holiday-Shortened Trading Session