Wed, December 4, 2024
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Stock Market Today: Stocks End Mixed Ahead of Powell

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The Dow Jones Industrial Average finished the day down 0.2% at 44,075. However, the S&P 500 (+0.05% at 6,049.88) and the Nasdaq Composite (0.4% at 19,480) held on for a win, with both notching new record closing highs.
The article from Kiplinger discusses the mixed performance of the U.S. stock market on a day when investors were anticipating Federal Reserve Chairman Jerome Powell's upcoming testimony. The S&P 500 and Nasdaq experienced slight declines, while the Dow Jones Industrial Average saw a marginal increase. Key points include a significant drop in shares of CrowdStrike Holdings after their earnings report, despite beating earnings expectations, due to concerns over future growth. Conversely, Lululemon Athletica's stock rose after reporting strong quarterly results and raising its full-year guidance. The market was also influenced by broader economic indicators, with investors focusing on the Federal Reserve's potential actions regarding interest rates amidst signs of persistent inflation and a robust labor market. Additionally, the article touches on sector-specific news, like the rise in oil prices due to geopolitical tensions and inventory reports, and movements in cryptocurrency markets with Bitcoin and Ethereum showing gains.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/stock-market-today-stocks-end-mixed-ahead-of-powell ]