Pre-Market Pulse 2nd December – Stocks lock in best month for 2024 as tech pulls market higher
US Markets closed at a record high holiday-shortened trading session Friday, wrapping up its best month of 2024.
US Markets closed at a record high holiday-shortened trading session Friday, wrapping up its best month of 2024.
Stocks drifted lower on light volume overnight, as stronger inflation data made investors cautious ahead of the Thanksgiving holiday.
The S&P 500 and Dow closed at a record highs Tuesday, as investors assessed President-elect Donald Trump’s threat to impose higher import tariffs on China, Canada and Mexico.
US indexes gained ground, with the S&P 500 and the Dow touching record highs as investors were encouraged by Donald Trump’s pick for the top economic job.
Wall Street closed higher on Friday, with the small-cap Russell the best performer as investors took comfort from data pointing to robust economic activity in the world’s biggest economy.
Stocks ground higher overnight led by cyclical stocks including financials and industrials boosting the broader market at a time when tech lagged as Google slumped on regulatory concerns.
Stocks finished the day session mixed ignoring a slump in Target and caution in tech ahead of Nvidia’s quarterly earnings which beat the analysts expectations, but disappointed investors
Stocks climbed overnight, despite an escalation from Russia by lowering the Kremlin’s threshold to authorise a nuclear strike. The rally was led by a jump in technology shares as investors eagerly awaited results this week from Nvidia
Stocks closed higher overnight, driven by a rally in big tech and Tesla ahead of key earnings from Nvidia and comments from Federal Reserve officials.
Investors started to abandon the Trump trade on Friday driven by concerns about slower interest-rate cuts and reactions to President-elect Donald Trump’s cabinet selections.
Stocks spent the session lower overnight as the Trump rally burnt out and persistent inflation gave the Fed room to slow the pace of cuts, a sentiment echoed by Chairman Powell in a speech in Dallas around the market close