Reported 12 months ago
On Monday, megacap growth stocks like Apple and Tesla boosted the Nasdaq while the Dow and S&P 500 also saw slight gains in light pre-holiday trading. Investors are anticipating U.S. labor market data later in the week for insights on interest rates. Tesla stock surged ahead of delivery data, but semiconductor shares fell causing the Semiconductor index to drop. Real estate stocks dipped, bank stocks rose as Treasury yields jumped, and JP Morgan Chase hit an all-time high with increased dividends and share buybacks. Traders are expecting interest rate cuts, and upcoming data releases include JOLTS job openings, ADP employment, and Fed meeting minutes.
Source: YAHOO