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%):
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Broadcom (AVGO): +11.10%
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Nebius NV (NBIS): +10.35%
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SoFi Technologies (SOFI): +8.63%
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Western Digital (WDC): +8.43%
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Micron (MU): +7.99%
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Robinhood Markets (HOOD): +7.15%
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Tesla (TSLA): +6.82%
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Alphabet A (GOOGL): +6.28%
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AMD (AMD): +5.53%
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Grayscale Bitcoin Trust (GBTC): +5.47%
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Lam Research (LRCX): +5.42%
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Alibaba ADR (BABA): +5.13%
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Shopify (SHOP): +5.12%
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Bitcoin Futures (BMC): +5.08%
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MicroStrategy (MSTR): +5.01%
This article was written by Greg Michalowski at investinglive.com.