LIVE MARKETS-S&P 500 scores first close above 6k

Reuters11-12
LIVE MARKETS-S&P 500 scores first close above 6k

Dow ends up ~0.7%; S&P 500, Nasdaq both edge green

Cons Disc leads S&P 500 sector gainers; Tech weakest group

Dollar up; gold off >2%; crude down >3%; bitcoin up ~10%

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S&P 500 SCORES FIRST CLOSE ABOVE 6K

Wall Street's main indexes ended higher on Monday ahead of an upcoming batch of economic data that could influence the Federal Reserve's pace of interest rate cuts.

Indeed, at 6,001.35, the S&P 500 index .SPX eked out its first finish above the 6,000 level, while posting its 51st record closing high of the year. Additionally, the Dow .DJI, at 44,293.13, closed above 44,000 for the first time.

Meanwhile, investors are especially focused on the consumer price inflation report due on Wednesday, and a raft of other key data this week for signals on the economy and monetary policy outlook.

S&P 500 sectors were mixed on Monday though both consumer discretionary .SPLRCD and financials .SPSY each rose more than 1%. Tech .SPLRCT, off about 0.9%, took the biggest hit.

Under the surface, regional .KRX and big banks .SPXBK, as well as small caps .RUT were outperformers.

Chip .SOX and gold stocks .HUI were on the weak side.

Among indexes making record closing highs were the S&P 500, DJI, Nasdaq composite .IXIC, Dow Transports .DJT, S&P 400 mid-cap .IDX, NYSE Composite .NYA, S&P 500 consumer discretionary, financials, and industrials .SPLRCI.

Here is Monday's closing snapshot:

(Terence Gabriel)

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FOR MONDAY'S EARLIER LIVE MARKETS POSTS:

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WHEN COULD FED PAUSE RATE CUTS? TD SAYS JANUARY - CLICK HERE

S&P 500 INCHES HIGHER, NASDAQ SLIPS WITH NVIDIA, APPLE - CLICK HERE

S&P 500 INDEX FACES BIG BARRIER JUST ABOVE 6K - CLICK HERE

CHINA PACKAGE WELL SHORT OF MARKET EXPECTATIONS - UBS CIO - CLICK HERE

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EURO ZONE TO STAY STUCK POST-US ELECTION - JPM - CLICK HERE

DEFENCE STOCKS CHARGE BROAD STOXX RISE - CLICK HERE

EUROPE BEFORE THE BELL: FUTURES UP, CONTINENTAL BEATS - CLICK HERE

MARKETS FEEL FAMILIAR FRUSTRATION WITH BEIJING - CLICK HERE

closinglevels11112024 https://tmsnrt.rs/3Z2fybp

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