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Thu, December 12, 2024

[ Thu, Dec 12th 2024 ] - NBC New York

CNBC Daily Open: Alphabet and Tesla power Nasdaq to record highs

^{Published on 2024-12-12 13:21:17 - NBC New York}

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see?

The article from NBC New York discusses the performance of major stock indices and specific companies on a particular trading day. The Nasdaq Composite reached a record high, driven by strong performances from tech giants Alphabet and Tesla. Alphabet's stock surged after reporting earnings that exceeded expectations, particularly due to robust growth in its cloud computing sector. Tesla also contributed to the Nasdaq's gains, with its stock rising after the company announced plans to expand its manufacturing capabilities. Meanwhile, the broader market showed mixed results; the Dow Jones Industrial Average experienced a slight decline, while the S&P 500 saw a modest increase. The article also touches on broader economic concerns, including inflation rates and potential Federal Reserve actions, which continue to influence market sentiment.

Read the Full NBC New York Article at:
[ https://www.nbcnewyork.com/news/business/money-report/cnbc-daily-open-alphabet-and-tesla-power-nasdaq-to-record-highs/6062868/ ]

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