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: December 02 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.

Tags

TTT
By TTTranslated and adapted by Sweden Herald

More news

US Prepares Multiple New Trade Agreements, Says White House Advisor
2 MIN READ

US Prepares Multiple New Trade Agreements, Says White House Advisor

USA to Announce 24 New Trade Agreements Soon
1 MIN READ

USA to Announce 24 New Trade Agreements Soon

Minister Declines Meeting with PostNord on Mail Delivery Terms
1 MIN READ

Minister Declines Meeting with PostNord on Mail Delivery Terms

China and USA Achieve Significant Progress in Trade Talks
2 MIN READ

China and USA Achieve Significant Progress in Trade Talks

Pope Leo XIV Faces Economic Challenges Amid Vatican Financial Strain
3 MIN READ

Pope Leo XIV Faces Economic Challenges Amid Vatican Financial Strain

Construction Industry Sees Hope with Increased ROT Deduction
2 MIN READ

Construction Industry Sees Hope with Increased ROT Deduction

Trump Plans to Boost Trade with India and Pakistan
1 MIN READ

Trump Plans to Boost Trade with India and Pakistan

Trump Describes US-China Tariff Talks as a "Total Restart"
1 MIN READ

Trump Describes US-China Tariff Talks as a "Total Restart"

Electricians Cancel Strike After Reaching New Agreement
1 MIN READ

Electricians Cancel Strike After Reaching New Agreement

US-China Tariff Talks Begin in Switzerland with Low Expectations
2 MIN READ

US-China Tariff Talks Begin in Switzerland with Low Expectations

Frövi Greenery Halts Tomato Production, Over 100 Employees Laid Off
1 MIN READ

Frövi Greenery Halts Tomato Production, Over 100 Employees Laid Off

Canada Approves World's First Mini Nuclear Power Plant in Ontario
1 MIN READ

Canada Approves World's First Mini Nuclear Power Plant in Ontario

Fewer Expect Housing Prices to Rise in the Next Year
1 MIN READ

Fewer Expect Housing Prices to Rise in the Next Year

Northvolt Crisis Chills Skellefteå Housing Market
2 MIN READ

Northvolt Crisis Chills Skellefteå Housing Market

Chinese Consumer Prices Decline Amid Ongoing Trade War Impact
1 MIN READ

Chinese Consumer Prices Decline Amid Ongoing Trade War Impact

US Stock Market Sees Volatility Ahead of US-China Tariff Talks
2 MIN READ

US Stock Market Sees Volatility Ahead of US-China Tariff Talks

Batljan's Debt Write-Off Request Denied by Lenders
1 MIN READ

Batljan's Debt Write-Off Request Denied by Lenders

Swedish Government Cuts GDP Growth Forecast Amid Tariff Concerns
2 MIN READ

Swedish Government Cuts GDP Growth Forecast Amid Tariff Concerns

Trump Signals Possible Reduction in China Tariffs
2 MIN READ

Trump Signals Possible Reduction in China Tariffs

ECB Members Advocate for Interest Rate Cut in June
1 MIN READ

ECB Members Advocate for Interest Rate Cut in June