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The Dow Jones Industrial Average and S&P 500 rose to new heights on Friday amid a shortened trading day that capped a strong month for equities. The S&P 500 added 0.56% to 6,032.38, while the Nasdaq Composite jumped 0.83% to 19,218.17.The Dow climbed 188.59 points, or 0.42%, to end at 44,910.65. Both the Dow and S&P 500 notched new intraday and closing highs. About three out of every five S&P 500 members finished the session in the green. With those gains, the Dow and S&P 500 notched their best months of 2024.
Persons: Dow, Biden, Donald Trump's Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, Bloomberg, Lam Research, Nvidia, iShares Semiconductor Locations: China
Mike Blake | ReutersThis 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. The SPDR S&P 500 , an exchange-traded fund that tracks the broad-based index, traded around 22.6% fewer shares than its 30-day average. In fact, traders boosted their bets that the U.S. Federal Reserve will lower rates by 25 basis points at its December meeting. "Today's data shouldn't change views of the likely path for disinflation, however bumpy," said David Alcaly, lead macroeconomic strategist at Lazard Asset Management.
Persons: TKWY, Mike Blake, David Alcaly, Scott Helfstein, Chris Verrone, , Jeff Cox, Scott Schnipper, Alex Harring, Sean Conlon Organizations: Reuters, CNBC, Dow Jones, Big, Nasdaq, U.S . Federal, Lazard Asset Management Locations: Encinitas , California, U.S, Big Tech
The personal consumption expenditures price index, a broad measure that the Fed prefers as its inflation gauge, increased 0.2% on the month and showed a 12-month inflation rate of 2.3%. Both were in line with the Dow Jones consensus forecast, though the annual rate was higher than the 2.1% level in September. The annual rate was 0.1 percentage point above the prior month. Odds of a quarter percentage point reduction in the central bank’s key borrowing rate were at 66% Wednesday morning, according to the CME Group’s FedWatch measure. The release follows consecutive rate cuts by the Fed in September and November totaling three quarters of a percentage point.
Persons: Dow, Stocks Organizations: Federal, Commerce Department, Dow Jones, Nasdaq, Treasury, Fed, Labor
Brandon Bell | Getty Images News | Getty ImagesThis 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. What you need to know todayThe bottom lineEven before Trump enters the White House, investors are already living in his world. Upon Trump's election win, the so-called "Trump trade" has flourished, with risk assets in general on an upward trajectory. Posturing or not, it's likely Trump's proposed policies will sway the markets in the foreseeable future.
Persons: Donald Trump, Brandon Bell, Trump, Scott Bessent, Goldman Sachs's, Jan Hatzius, Gregory Daco, Jamie Cox, , Sarah Min, Alex Harring, Samantha Subin Organizations: GM STLA, SpaceX, Getty, CNBC, House, Trump, Mexico —, UBS, GM, Ford, Dow Jones, Nasdaq, Harris Financial Locations: Brownsville , Texas, Mexico, Canada, EY, U.S
The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022. Steven Saphore | Anadolu Agency | Getty ImagesAsia-Pacific markets are set to open mixed on Wednesday, following gains on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average reach new intraday and closing records. Traders in Asia will assesses monthly consumer price index figures out of Australia, set for release later in the day. A poll from Reuters expects the monthly CPI indicator to have risen 2.3% in October year on year, from 2.1% in September. Hong Kong Hang Seng index futures were at 19,172 slightly higher than the HSI's last close of 19,159.2.
Persons: Steven Saphore, Australia's Organizations: Skyline, Anadolu Agency, Getty, Dow Jones, Traders, Reuters, Nikkei Locations: Sydney, Australia, Asia, Pacific, Chicago, Osaka, Hong Kong
The personal consumption expenditures price index, a broad measure that the Fed prefers as its inflation gauge, increased 0.2% on the month and showed a 12-month inflation rate of 2.3%. Both were in line with the Dow Jones consensus forecast, though the annual rate was higher than the 2.1% level in September. The annual rate was 0.1 percentage point above the prior month. Odds of a quarter percentage point reduction in the central bank's key borrowing rate were at 66% Wednesday morning, according to the CME Group's FedWatch measure. The release follows consecutive rate cuts by the Fed in September and November totaling three quarters of a percentage point.
Persons: Dow, Stocks Organizations: Federal, Commerce Department, Dow Jones, Nasdaq, Treasury, Fed, Labor
European markets are heading for a mixed open Wednesday as investors continued to assess the potential impact of President-elect Donald Trump's plans to hike tariffs. Economists have warned of the potential inflationary impact of Trump's fiscal plan, which could see the U.S. Federal Reserve cutting interest rates at a slower pace. Overnight, Asia-Pacific markets were mixed Wednesday, following gains on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average reach new intraday and closing records. U.S. stock futures were little changed on Wednesday morning as traders await the release of the Fed's favorite inflation gauge: the personal consumption expenditures price index. Earnings are set to come from Easyjet and data releases include German and French consumer confidence.
Persons: Donald Trump's, Germany's DAX, Trump Organizations: France's CAC, IG, U.S . Federal Reserve, Dow Jones Locations: Mexico, Canada, Asia, Pacific
Brandon Bell | Getty Images News | Getty ImagesThis 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. What you need to know todayThe bottom lineEven before Trump enters the White House, investors are already living in his world. Upon Trump's election win, the so-called "Trump trade" has flourished, with risk assets in general on an upward trajectory. Posturing or not, it's likely Trump's proposed policies will sway the markets in the foreseeable future.
Persons: STLA, Donald Trump, Sen, Ted Cruz, Brandon Bell, Trump, Scott Bessent, Goldman Sachs's, Jan Hatzius, Gregory Daco, Jamie Cox, , Sarah Min, Alex Harring, Samantha Subin Organizations: SpaceX, Getty, CNBC, House, Trump, Mexico —, UBS, GM, Ford, Dow Jones, Nasdaq, Harris Financial Locations: Brownsville , Texas, Mexico, Canada, EY, U.S
Bitcoin on Wednesday climbed back above $95,000, recovering slightly from a pullback this week that knocked it from record levels. The broader crypto market, as measured by the CoinDesk 20 index, gained 5%. Although bitcoin is widely viewed as a store of value and a digital alternative to gold, the cryptocurrency often trades in tandem with the stock market. "The bitcoin bull market has legs," Alex Thorn, head of firmwide research at Galaxy Digital, said in a report Wednesday. Bitcoin is up 124% for the year and is still widely expected to reach the $100,000 milestone before the year is over.
Persons: Bitcoin, cryptocurrency, bitcoin, Coinbase, Trump, Alex Thorn, Biden, Katie Stockton, CNBC's, Organizations: Wednesday, Metrics, Nasdaq, Dow Jones Industrial, Galaxy Digital Locations: U.S
European stocks are heading for a lower open Tuesday as investors assess the global implications of U.S. President-elect Donald Trump 's plans to hike tariffs on China, Mexico and Canada. That in turn could boost the U.S. dollar against currencies such as the euro and sterling. "Immediate market reaction looks negative," analysts at Maybank said in a note Tuesday. "However, these tariffs do differ quite a bit from what Trump had mentioned during his campaign of 60% for China and a 10% broad tariff for the rest of the world. Whilst the market maybe cautious of the risk that Trump maybe incrementally introducing the tariffs, we do note the possibility that the final imposition may not be quite the same as what was proposed by him."
Persons: Donald Trump, Trump, Maybank Organizations: Dow Jones, Federal Reserve, U.S, Trump Locations: China, Mexico, Canada
Observably, both DI- and DI+ are reversing course, suggesting an early sign of a trend change. Support/Resistance Beyond technical indicators, traditional support and resistance levels further validate this trade setup. OLED has shown strong support at the 160 level, with the stock rebounding from this area, reinforcing the bullish case. To take a bullish trade on OLED, I'm using a trade structure called a "bull call spread." If OLED keeps going up from here and the stock price is above $170, a 170-175 call spread is also a feasible trade setup.
Persons: OLED Organizations: Dow Jones, Trump, Display Corp, DI, CNBC, NBC UNIVERSAL Locations: OLED
Stefani Reynolds | Bloomberg | Getty ImagesThis 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. This time, it's revved up by Trump's Treasury secretary pick — Scott Bessent. "I would recommend that tariffs be layered in gradually," Bessent told CNBC earlier this month before his nomination. Small-cap stocks performed even better, probably because Bessent has expressed support for Trump's economic agenda, which would benefit smaller, domestically oriented companies.
Persons: SPX, Scott Bessent, Stefani Reynolds, it's, — Scott Bessent, Bessent, , Russell, Quincy Krosby, Alex Harring, Hakyung Kim Organizations: Key, Bloomberg, Getty, CNBC, Group, Trump, Dow Jones, Nasdaq, Treasury, LPL Locations: Washington , DC, U.S
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Meanwhile, HSBC downgraded Morgan Stanley stock to a hold from buy Monday evening. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Donald Trump's, Jim, Stanley Black, Decker, Wells, Charlie Scharf's, Wells Fargo, Morgan Stanley, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Trump, Wells, Reuters, Federal Reserve, HSBC, Morgan Locations: Canada, Mexico, China, U.S, Wells Fargo
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Investors didn't seem too bothered by President-elect Donald Trump 's new tariff threats Monday evening. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Donald Trump, Amgen, Eli Lilly, Lilly, Jim Cramer's, Trump, Jim, Bill Newlands, Roth MKM, Roth, Amit Mehta, Mehta, Trump's, Morgan Stanley, CNBC's Matthew J, Belvedere Organizations: CNBC, ., Nasdaq, Dow Jones, Dow, Novo Nordisk, Constellation Brands, Modelo, Corona, Justice Department, Anheuser, Busch InBev, Grupo, Google, Reuters, DOJ, Chrome, Economic, of Chicago, Labor Department, Jim Cramer's Charitable Locations: Mexico, China, United States, U.S
Wall Street's celebration of President-elect Donald Trump's Treasury pick may be a tad premature. The market's resurgence following the Bessent announcement makes for calming copy, but is it the correct assessment of what's to come? It's true that Wall Street veteran Bessent has been a successful money manager. However, Bessent suggested that he is comfortable using tariffs as negotiations to " escalate to de-escalate " the risks of global trade imbalances. But little of what's been discussed about the Treasury Secretary pick supports the rather large rallies we've seen in both stocks and bond prices.
Persons: Donald Trump's, Scott Bessent, Bessent, Trump, We'll, what's, we've, , Ron Insana Organizations: Donald Trump's Treasury, Dow Jones Industrial, Wall, Bloomberg News, U.S, Trump, Biden, CNBC Locations: China, Mexico, Canada, U.S, Ukraine
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on November 26, 2024, in New York City. U.S. stock futures opened little changed on Tuesday night as traders await the release of the Federal Reserve's favorite inflation gauge. Futures tied to the Dow Jones Industrial Average added 20 points, or 0.04%. Economists polled by Dow Jones expect a year-over-year increase of 2.8% for the core reading, which excludes food and energy. Both the S&P 500 and the Dow Jones Industrial Average reached fresh intraday and closing highs.
Persons: Dow Jones, Stephen Stanley, CNBC's, That's, It's Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Dell Technologies, Fed, Santander U.S, Capital Markets Locations: New York City . U.S, U.S
A broad stock rally pushed the Dow Jones Industrial Average, S&P 500 and small-cap focused Russell 2000 index to new records on Monday. Investors bet President-elect Donald Trump’s choice for Treasury secretary, Scott Bessent, would help guide the economy without sparking inflation. The broad S&P 500 gained 0.3% to end at 5,987.37. Both hit new all-time highs in the session, while the Dow also notched a fresh record close. More than 3 out of every 4 S&P 500 stocks traded higher in the session.
Persons: Russell, Donald Trump’s, Scott Bessent, Trump’s, ” Bessent, Trump, Quincy Krosby, ” Krosby Organizations: Dow Jones, Dow, Nasdaq, Key Square Group, CNBC, Treasury, U.S, LPL, Nvidia, Netflix, Federal Locations: Quincy, U.S
A Santa Claus rally, and a strong seasonal month for stocks, can push stocks to new all-time highs by year-end, according to the Stock Trader's Almanac. That helped the S & P 500 notch a more than 25% yearly advance, with the Nasdaq rising more than 27%. "We expect more new all-time highs before yearend," he wrote. .SPX 1D mountain S & P 500 Seasonally speaking, December is already the third-best month of any year for the major averages, according to the Almanac. Typically, the S & P 500 gains 1.3% on average during this period, in data going back to 1969.
Persons: Santa Claus, Stocks, Donald Trump, Scott Bessent, Dow, Jeffrey A, Hirsch Organizations: Dow Jones Industrial, Key Square, Nasdaq, Stock, Dow Locations: Santa
Traders work on the floor of the New York Stock Exchange during afternoon trading on Aug. 2, 2024. Stock futures edged higher in overnight trading Monday, after the Dow Jones Industrial Average closed at a new record. Futures tied to the Dow added 30 points, or 0.1%, while S&P 500 futures and Nasdaq 100 futures rose 0.1% and 0.2%, respectively. The 30-stock Dow popped more than 440 points, or about 1%, to a new record close during regular trading. The Russell 2000 hit a new intraday high — its first record since 2021 — as investors piled into small caps.
Persons: Kohl's, Stocks, Donald Trump's, Dow, Russell, Scott Bessent, NewEdge’s Cameron Dawson, CNBC's Organizations: New York Stock Exchange, Dow Jones, Dow, Nasdaq, President, Trump, Key Square, Treasury Locations: U.S
CNBC's Jim Cramer on Monday reviewed investors' reaction to President-elect Donald Trump's latest cabinet pick, hedge fund manager Scott Bessent. His takeaway is that Wall Street believes the potential Treasury secretary will be a prudent force in the administration. "What matters is that this Treasury secretary designate is a serious person, not unlike Steven Mnuchin before him," he said "And those who believed Trump couldn't get a dollop of rigor in the cabinet — well, they've been proven wrong." Cramer also pointed out that Treasury yields fell, with the 10-year sliding to about 4.28% when investors were worried about it hitting 4.5% a few days ago. "That's where Scott Bessent, the Treasury Secretary designate, comes from, so the fence sitters and skeptics are jumping on the Trump bandwagon as if the president elect said, 'higher stock prices and lower taxes for all.'"
Persons: CNBC's Jim Cramer, Donald Trump's, Scott Bessent, Steven Mnuchin, Trump, they've, Cramer, George Soros, Bessent, Shinzo Abe, That's Organizations: Dow Jones Industrial, Treasury, Trump
NYSEThis 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. What you need to know todayWinning week for marketsMajor U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet shares dropping. [PRO] Interest rates back in focusThis week, the October personal consumption expenditures price index, out Wednesday, will dominate attention. The Dow Jones Industrial Average was 2% higher for the week and the S&P 500 and Nasdaq Composite both climbed around 1.7%.
Persons: GOOG, Donald Trump, Scott Bessent, Bessent, Kevin Warsh, Marc Rowan, Sir Richard Branson, Russell, Sam Stovall, Sundeep Gantori, — CNBC's Pia Singh, Alex Harring, Jesse Pound Organizations: New York Stock Exchange, NYSE, CNBC, U.S, Trump, Treasury, Fed, Anthropic Amazon, COP29, Virgin, U.S . Federal Reserve, Federal, Market, Nvidia, U.S . Department of Justice, Big Tech, Dow Jones, Nasdaq, Super Micro Company, CFRA Research, NVIDIA, UBS Locations: New York City, Anthropic, Azerbaijan
Brendan McDermid | ReutersThis 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. What you need to know todayWinning week for marketsMajor U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet dropping. The rate affects around 900 billion yuan ($124.26 billion) worth of one-year loans to some financial institutions. [PRO] Interest rates back in focusThis week, the October personal consumption expenditures price index, out Wednesday, will dominate attention.
Persons: HSI AMZN, Brendan McDermid, Donald Trump, Scott Bessent, Bessent, Kevin Warsh, Marc Rowan, Sir Richard Branson, Russell, Sam Stovall, Sundeep Gantori, — CNBC's Pia Singh, Alex Harring, Jesse Pound Organizations: New York Stock Exchange, Reuters, CNBC, U.S, China's CSI, Trump, Treasury, Fed, Bank of China, COP29, Virgin, U.S . Federal Reserve, Federal, Market, Nvidia, U.S . Department of Justice, Big Tech, Dow Jones, Nasdaq, Super Micro Company, CFRA Research, NVIDIA, UBS Locations: Asia, Pacific, China's, Azerbaijan
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Best Buy shares rose roughly 4.5% on Monday ahead of the company's fiscal 2025 third-quarter earnings before Tuesday's opening bell. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m.
Persons: Jim Cramer, Stocks, Donald Trump's, Scott Bessent, Bessent, Jim, Bristol Myers, Eli Lilly, RJK, Jim Cramer's Organizations: CNBC, Dow Jones, Nasdaq, Bristol Myers Squibb, FDA, JPMorgan, Club, HHS, Research, Arm Holdings
While the magnitude of the guidance beat was perhaps not enough to satiate the most demanding of bulls, the stock was flat on the week. Our other cybersecurity stock, CrowdStrike , is one of the main events of this holiday-shortened week on Wall Street. We added to our CrowdStrike exposure last week after the stock came under pressure due to increased geopolitical tensions . ET: Pending Home Sales Thursday, Nov. 28 Stock market closed for Thanksgiving holiday Friday, Nov. 29 Stock market closes early at 1 p.m. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Donald Trump's, HomeGoods, Tuesday's, Trump, We'll, LSEG, CrowdStrike, Dow Jones, , Jim Cramer's, Jim Cramer, Jim Organizations: Nvidia, Dow Jones, Nasdaq, Dow, Companies, Palo Alto Networks, Federal, Home, Palo, Body, Fluence Energy, Agilent Tech, Abercrombie, Fitch, DICK'S Sporting, Dell Technologies, Autodesk, HP, Urban Outfitters, Nordstrom, Jim Cramer's Charitable, CNBC, The New York Stock Exchange, NYSE Locations: Maxx, U.S, Burlington
Traders work on the floor of the New York Stock Exchange on Nov. 22, 2024 in New York City. U.S. stock futures climbed Sunday night as Wall Street kicked off a shortened Thanksgiving trading week. Despite this week's shortened trading week, the interest rate outlook is back in focus with the release of October's personal consumption expenditure (PCE) price index, the Federal Reserve's preferred inflation measure. On the corporate earnings front, several retailers and tech names are slated to release quarterly results during the week. On Tuesday, retailers Macy's, Nordstrom and Best Buy are reporting results, as well as tech companies CrowdStrike and Dell Technologies.
Persons: Russell, Donald Trump, Scott Bessent, Trump, Bessent, Phillip Colmar, Nordstrom Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, Key Square, Treasury, MRB Partners, President, Federal, Dell Technologies Locations: New York City . U.S
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