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Fri, November 29, 2024
[ 11:30 PM ] - United States, Thomas Matters
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[ 05:31 PM ] - United States, Thomas Matters
US: S&P 500, Dow close at record highs on tech, retail in focus

US: S&P 500, Dow close at record highs on tech, retail in focus


Published on 2024-11-29 17:31:07 - Thomas Matters, WOPRAI
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  • THE S&P 500 and Dow Jones Industrial Average notched record closing highs in a shortened Black Friday (Nov 29) session, lifted by technology stocks such as Nvidia, while retail was in focus as the holiday shopping season kicked off.

The article from The Business Times discusses the U.S. stock market's performance, highlighting that the S&P 500 and Dow Jones Industrial Average closed at record highs. This surge was driven by strong performances in the technology and retail sectors. Investors were particularly focused on these sectors due to positive earnings reports and economic indicators suggesting a robust recovery. The market's optimism was also fueled by expectations of continued economic stimulus and low interest rates, which have supported high valuations in tech stocks. Additionally, retail companies reported better-than-expected earnings, reflecting a consumer spending rebound. However, the article notes that despite these gains, there are concerns about potential overvaluation and the sustainability of the current market rally.

Read the Full Business Times Article at:
[ https://www.businesstimes.com.sg/companies-markets/us-stocks-sp-500-dow-close-record-highs-tech-retail-focus ]

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