Nasdaq Jumps to Record as Intel and Tesla Leap; S&P 500 Gains Slightly
The S&P 500 ticked higher to a new record to began December trading as investors looked for stocks to add to big November gains.
The S&P 500 added 0.2%, touching a new intraday record. The Nasdaq Composite added 1%, also reaching a new intraday high. The Dow Jones Industrial Average was down 0.4% after briefly trading above 45,000. The blue-chip index had previously touched the milestone a few times last week.
Intel jumped 4% after CEO Pat Gelsinger retired after four years of underperformance at the chipmaker. Shares of Tesla gained 3% following an upgrade to buy from neutral at Roth MKM, with the firm citing as a catalyst Musk’s close relationship with President-elect Donald Trump. AI server maker Super Micro Computer surged 31% after a special committee found “no evidence of misconduct” and that the firm’s financial statements were “materially accurate.”
Source : CNBC