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Stock market today: Nasdaq, Dow, S&P 500 hit records as tech surges, Fed's Powell says economy in 'remarkably good shape'
Markets kept moving higher as Powell spoke at the New York Times DealBook Summit and did little to shake investor confidence that the Fed will cut interest rates at its December meeting. Powell touted a US economy in "remarkably good shape" as a reason he feels the Fed can be "afford to be a little more cautious" in its interest rate cutting path.
Stock Market Today: S&P 500, Nasdaq end at record highs as major tech stocks rally
The S&P 500 went up 14.77 points or 0.2% to close at 6047.15, a record closing high. It is the index's 54th record close of 2024. The Nasdaq Composite gained 185.78 points or 1% to finish at 19403.95, a record close. It is the index's 33rd record close of 2024.
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Live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
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Wall Street stocks surged to fresh records Wednesday, extending a post-election rally on optimism about more interest rate cuts and for an artificial Intelligence boom after strong Salesforce results.
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