Market Overview - The trading day ended with mixed results, with the S&P 500 gaining about 15 points, reaching a record high, up approximately 0.2% [7] - The Dow Jones Industrial Average closed at a record high, up more than 600 points or 1.3%, while the Russell 2000 also reached a fresh record high, up 1.2% [8] Company Performance - Broadcom is highlighted as a key company that could influence trading direction in the following day [4] - Oracle shares fell nearly 11%, marking its worst single-day performance since January, attributed to increased spending on data centers and equipment, raising capital expenditures to about $12 billion from $8.5 billion in the previous quarter [16][17] - Eli Lilly's stock rose about 3.8% due to positive results from a next-generation obesity treatment, which helped patients lose nearly 25% of their body weight [14] - Disney's shares increased by approximately 2.5% after announcing a $1 billion investment in OpenAI, indicating a strategic move to engage with AI technology [15][16] Sector Performance - In the S&P 500, eight out of eleven sectors finished in the green, with materials being the top performer, up 2.2%, and financials following closely with a 1.8% increase [10][11] - Communication services was the worst-performing sector, down 1% [11] Individual Stock Highlights - Mosaic, a fertilizer company, saw a significant increase of 6.2% due to geopolitical tensions affecting supply chains for key crop nutrients [12][13] - Robinhood's stock declined by 9% following a report of decreased trading volumes in November, despite being up over 230% year-to-date [18] - Rivian shares fell by 6% after unveiling its own AI chip aimed at enhancing autonomous driving capabilities [19] Management Changes - Lululemon announced that CEO Calvin McDonald will step down effective January 31, 2026, with no successor currently named, raising concerns among investors [21][26]
S&P 500 Hits New Record as Oracle Shares Slide | Closing Bell