Stocks Push Higher on Rate-Cut Expectations | Closing Bell
Youtube·2025-11-24 21:41

Market Performance - The S&P 500 finished over 1.5% higher, closing at 6700, while the NASDAQ rose by 2.7% and the Dow Jones increased by about 0.4% [6] - The semiconductor sector showed significant gains, with an overall increase of nearly 5% in today's trade, making it one of the top performers [2][8] - Communication services, technology, and consumer discretionary sectors were the biggest gainers, with communication services up 4%, technology up 2.5%, and consumer discretionary up 1.8% [7] Individual Stock Highlights - Broadcom was the top gainer in both the S&P 500 and NASDAQ, rising by 11% [9] - Micron also performed well, gaining about 8% after a price target increase from Morgan Stanley [10] - Alphabet saw a rise of approximately 6.3%, marking a nearly 70% increase year-to-date, driven by positive reviews for its Gemini Air model [12] Underperformers - Novo Nordisk shares fell by 5.6% after a failed Alzheimer's drug trial, reaching their lowest level in over four years [14] - Copart's shares decreased by 4.5% following a price target reduction by J.P. Morgan [15] - Performance Food Group dropped by 2.3% after US Foods announced it would not pursue a merger with the company [16] Bond Market Overview - The bond market experienced a quiet day, with the ten-year Treasury yield down about three basis points, remaining above 4% [17] - The 30-year yield also saw a slight decrease of about four basis points, indicating a range-bound market [17] Earnings Reports - Zoom reported a third-quarter adjusted EPS of $1.52, exceeding estimates, and projected fourth-quarter revenue slightly above expectations [21]