Wall Street closes higher as Dow, S&P hit one-week tops
Thu November 21, 2024 4:45 PM
The markets need not have worried about the future of Nvidia and AI. Today’s report was beyond expectations and confirmed that both are alive and well and are expected to remain so for quite some time. Despite this, both tech indexes took a dive this morning, the Nasdaq especially starting the day 250 points down until slowly recovering to break-even, the S&P doing a little better.
The Dow did a lot better, in the black all day and constantly rising to another impressive 3-digit gain. The hit to tech came largely on the heels of very serious legal problems facing both Google and Amazon. But the employment picture looks good as does Q3 with the oddsmakers now solidly in favor of a December rate cut. The volume gap finally closed today with an above average trade of 15.3 billion shares vs the 4-week average of 14.5 billion.
DJ: 43,408.47 +139.53 NAS: 18,966.14 -21.32 S&P: 5,917.11
+0.13 11/20
DJ: 43,870.35 +461.88 NAS: 18,972.42 +6.28 S&P: 5,948.71
+31.60 11/21
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