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Continued Upward Trend on Wall Street

After the big rise in November, the New York Stock Exchange was in a mostly good mood even when December trading began. The large technology companies had a good day.

» Published: 02 December 2024

Continued Upward Trend on Wall Street
Photo: Peter Morgan/AP/TT

Broad S&P 500 rose 0.2 percent and Nasdaq's composite index climbed 1 percent. Dow Jones industrial index, on the other hand, fell 0.3 percent.

This meant that both S&P 500 and Nasdaq's composite index closed at new record levels, writes CNBC.

The increases came as November became the best month so far this year for both Dow Jones industrial index and S&P 500, with increases of 7.5 and 5.7 percent, respectively.

Tesla rose 3.5 percent. The electric car manufacturer received a buy recommendation from the analysis firm Roth, which mentions Tesla founder Elon Musk's proximity to future President Donald Trump.

Server company Super Micro Computer surged 28.7 percent after an investigation showed that the company could not be accused of irregularities and incorrect financial information.

E-commerce giant Amazon rose 1.4 percent on Cyber Monday, which specifically focuses on e-commerce.

Even the major tech companies Meta, Microsoft, and Alphabet performed well with strong increases.

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By TTThis article has been altered and translated by Sweden Herald

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