• Notification Date: 04-12-2024
• Notification No: N/A

S&P 500, Nasdaq Hit Record Highs as Post-Election Rally Continues

Stocks continued their strong post-election rally on Tuesday, with the S&P 500 and Nasdaq both reaching record-setting highs. The S&P 500 climbed 0.1% despite spending most of the day in negative territory, while the Nasdaq gained 0.4%. The Dow Jones Industrial Average fell by 0.2% but is still less than 1% away from its own record high. After posting its highest gains of 2024 in November, the stock market has started December on a positive note.

Tech stocks led the charge on Tuesday. Organizations like Nvidia, Apple, Amazon, Microsoft, Alphabet, and Meta Platforms all saw their shares rise. However, Tesla bucked the trend, falling 1.6%. The drop came after news that a judge had blocked CEO Elon Musk’s $50 billion pay package, which had already faced legal disturbances.