The major US stock indices close was solid gains led by the NASDAQ index which had its largest percentage gain since May. The S&P index had its best days since October 13.
A snapshot of the closing levels shows:
- Dow industrial average rose 202.86 points or 0.44% at 46448.27
- S&P index rose 102.13 points or 1.55% at 6705.12.
- NASDAQ index rose 598.92 points or 2.69% at 22872.01.
Fed’s Mary Daly said she was in favor of a cut in December which helped the bias. Earlier today, Fed’s Waller also advocated for a cut.
Looking at some of the big winners today (>5%):
-
Broadcom (AVGO): +11.10%
-
Nebius NV (NBIS): +10.35%
-
SoFi Technologies (SOFI): +8.63%
-
Western Digital (WDC): +8.43%
-
Micron (MU): +7.99%
-
Robinhood Markets (HOOD): +7.15%
-
Tesla (TSLA): +6.82%
-
Alphabet A (GOOGL): +6.28%
-
AMD (AMD): +5.53%
-
Grayscale Bitcoin Trust (GBTC): +5.47%
-
Lam Research (LRCX): +5.42%
-
Alibaba ADR (BABA): +5.13%
-
Shopify (SHOP): +5.12%
-
Bitcoin Futures (BMC): +5.08%
-
MicroStrategy (MSTR): +5.01%
