
Wall Street experienced a mixed session on Monday, with the Nasdaq Composite setting a new record high, driven by significant gains in technology stocks. The index rose 1.24% to close at 20,173.89 points, while the S&P 500 also advanced, gaining 0.38% to reach 6,074.08 points. However, the Dow Jones Industrial Average declined by 0.25%, marking its eighth consecutive day of losses, the longest streak since 2018. Investors are keenly awaiting the Federal Reserve's final policy meeting of the year, where a 25 basis point rate cut is widely anticipated. The market's focus is on the Fed's future guidance on interest rates, especially in light of recent economic indicators and comments from Fed officials suggesting a cautious approach to further rate adjustments. Notable stock movements included Tesla shares rising over 5% after Wedbush Securities raised its target price, and Broadcom shares surging by more than 10% following strong earnings. Conversely, Nvidia shares fell by 1.7%, entering correction territory.














The Nasdaq registered a record closing high, rising more than 1%, and the S&P 500 also gained as tech-related stocks led the way higher. The Dow finished lower, its eighth decline in a row. Read: https://t.co/NpjThOM19n https://t.co/Jl8z7NOgYu
CNBC Daily Open: Nasdaq hits high despite Nvidia lagging behind https://t.co/IjUIMn6rBT
The Nasdaq closed at a record high, with investors watching for the Federal Reserve's final policy announcement of the year to gauge the path of interest rates https://t.co/6BO3qQySLe https://t.co/VZ5dRMIbjp