Wall Street stocks end higher on tech; markets analyze Trump's tariff threats, Fed minutes
By Saeed Azhar, Johann M Cherian and Purvi Agarwal
Tue November 26, 2024 4:21 PM
The Dow spent most of the day in the red, deeply in the red over 300 points by 10:30, then slowly recovering and even gaining 123 by close. Tech did much better with the two indexes well into the black all day, though activity was still choppy, as it has been. There is a tug of war going on as investors continue to parse the possible impact of the potential tariffs.
There are also considerable splits between the camps that see a December rate cut coming and those that are rather urging caution. GM and Ford both dropped on the tariff news, GM a stunning 9%. Gains in Microsoft and Apple boosted the tech sector. It was all nicely summed up by today’s expert, “It’s a lot of back and forth now because investors are trying to position themselves for January and the days after and they’re not really sure.”
DJ: 44,736.57 +440.06 NAS: 19,054.84
+51.19 S&P: 5,987.37
+18.03 11/25
DJ: 44,860.31 +123.74 NAS: 19,175.58 +120.74 S&P: 6,021.63 +34.26 11/26
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