Stock Market News: Dow Drops, Nasdaq Heads to New Record

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Stock Market News: Dow Drops, Nasdaq Heads to New Record

//stocks-investing.news-articles.net/content/202 .. t-news-dow-drops-nasdaq-heads-to-new-record.html

Published in Stocks and Investing on Monday, December 2nd 2024 at 20:31 GMT by

Thomas Matters

The Nasdaq Composite was up 0.8%, on track for its first record close since Nov. 11. The S&P 500 was up 0.2% after closing at a record on Friday. The Dow was down 100 points, or 0.2%, and the Russell 2000 was down 0.

The article from Barron's, published on December 2, 2024, discusses the current state of the stock market, focusing on several key points. It highlights the anticipation around the Federal Reserve's upcoming decisions on interest rates, with market analysts predicting a potential pause or slight adjustment due to recent economic indicators showing a slowdown in inflation but persistent concerns about economic growth. The piece also covers the performance of major indices like the Dow Jones, S&P 500, and Nasdaq, noting a mixed response with tech stocks leading gains due to positive earnings reports from companies like Apple and Microsoft. Additionally, there's mention of geopolitical tensions affecting oil prices, with a slight dip in crude oil futures due to eased concerns over supply disruptions. The article also touches on individual stock movements, with Tesla experiencing a surge after announcing a new battery technology, and concerns over retail stocks as consumer spending data suggests a cautious holiday shopping season. Overall, the market sentiment is described as cautiously optimistic, with investors closely watching economic data releases and Fed statements for further direction.

Read the Full Barron's Article at:
[ https://www.barrons.com/livecoverage/stock-market-today-120224 ]

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