U.S. Stock Indexes Reach New Highs on December 4, 2024

On December 4, 2024, U.S. stock indexes set new records, propelled by positive remarks from technology companies regarding the impact of artificial intelligence (AI) on their financial performance.

The S&P 500 increased by 0.6% on Wednesday, contributing to what is becoming one of its best years in decades. The Dow Jones Industrial Average rose by 0.7%, and the Nasdaq Composite surged by 1.3%, reaching a new all-time high.

Salesforce was a significant driver of the market’s upward movement, as the company showcased its AI solutions for clients. Additionally, Marvell Technology experienced an even sharper rise following reports of robust demand attributed to AI advancements. Meanwhile, Treasury yields saw a decline, and Bitcoin prices increased after President-elect Donald Trump appointed a cryptocurrency advocate as the new head of the Securities and Exchange Commission.

On that Wednesday:

- The S&P 500 rose 36.61 points, or 0.6%, to close at 6,086.49.

- The Dow Jones Industrial Average climbed 308.51 points, or 0.7%, finishing at 45,014.04.

- The Nasdaq Composite increased by 254.21 points, or 1.3%, reaching 19,735.12.

- The Russell 2000 index, which represents smaller companies, moved up 10.22 points, or 0.4%, to settle at 2,426.56.

For the week leading up to this date:

- The S&P 500 is up 54.11 points, or 0.9%.

- The Dow has gained 103.39 points, or 0.2%.

- The Nasdaq posted an upward movement of 516.95 points, or 2.7%.

- The Russell 2000 saw a decrease of 8.16 points, or 0.3%.

For the entire year:

- The S&P 500 has risen by 1,316.66 points, or 27.6%.

- The Dow has increased by 7,324.50 points, or 19.4%.

- The Nasdaq is up 4,723.76 points, or 31.5%.

- The Russell 2000 has climbed by 399.49 points, or 19.7%.

stocks, index, technology