Dow Moves Sharply Higher But Nasdaq Closes Little Changed
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On November 21, 2024, the Dow Jones Industrial Average rose by 461.88 points (1.1%) to 43,870.35; the S&P 500 increased by 31.60 points (0.5%) to 5,948.71; while the Nasdaq gained only 6.28 points (less than 0.1%) to 18,972.42. Key contributors to the Dow's rise included IBM Corp. (IBM), Sherwin-Williams (SHW), and Salesforce (CRM). Nvidia (NVDA) reported better-than-expected Q3 earnings but faced concerns over slowing revenue growth. Alphabet (GOOGL) shares fell due to DOJ's request for a forced sale of Chrome. Initial jobless claims dropped to 213,000 for the week ending November 16, 2024, the lowest in over six months, while the leading economic index fell by 0.4% in October. The NYSE Arca Computer Hardware Index rose by 4.2%, and the Philadelphia Oil Service Index surged by 2.5%. In international markets, Japan's Nikkei 225 fell by 0.9%, while European markets saw gains, with the German DAX up by 0.7%. Treasury yields rose to 4.432%.

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https://www.rttnews.com/3492320/dow-moves-sharply-higher-but-nasdaq-closes-little-changed.aspx