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:
ELECTION CYCLE SPENDING AND THE ECONOMY - CLICK HERE
PLENTY OF POSITIVES CAN KEEP MARKET SAILING ALONG, BUT ARE DARK CLOUDS ON THE HORIZON? - CLICK HERE
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
GERMAN POLITICAL TURMOIL: IS IT GOOD FOR DEUTSCHLAND AG? - CLICK HERE
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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