Stocks close higher as Nasdaq and S&P 500 hit record highs, Dow falls slightly.

From Nasdaq: 2024-12-04 09:19:00

U.S. stocks closed higher on Tuesday, with the Nasdaq and S&P 500 hitting record highs while the Dow fell. The Dow Jones Industrial Average (DJI) dropped 0.2%, the S&P 500 rose 0.05%, and the Nasdaq gained 0.4%. Tech and communication services stocks led the gains, but most sectors ended lower.

Tech and communication services stocks extended their gains as investors awaited Friday’s jobs report. The U.S. Job Openings and Labor Turnover Survey (JOLTS) report showed robust job openings in October. Markets anticipate a 72% chance of a rate cut at the Federal Reserve’s upcoming meeting. Investors are also monitoring economic data releases this week.

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Read more at Nasdaq: Stock Market News for Dec 4, 2024