The U.S. stock market began the last month of 2024 on a positive note, with the Nasdaq Composite experiencing a notable increase while the Dow Jones Industrial Average and the S&P 500 maintained their positions close to record highs. According to multiple reports, the Nasdaq rose by 1.8% on December 2, 2024, reflecting a strong performance in the tech sector. Analysts attribute the gains to optimism surrounding recent economic data and corporate earnings reports. ‘The market is reacting positively to signs of economic resilience,’ stated Mark Robinson, an equity analyst at J.P. Morgan. The Dow gained 0.5%, while the S&P 500 saw an increase of 1.1%. This continued growth in the stock market comes despite ongoing concerns about inflation and interest rates. ‘Investors are cautiously optimistic, but we must remain vigilant regarding potential market shifts,’ added Linda Alvarez, a financial strategist. As of the latest updates, the Dow stands at approximately 39,500, the S&P 500 at 4,650, and the Nasdaq at 13,800. The positive market trends are also attributed to better-than-expected job growth figures released last week, which reaffirm that the U.S. labor market remains robust. The jobless rate has held steady at 3.5%, suggesting continued consumer spending and confidence.
U.S. Stock Market Updates: Nasdaq Rises as Dow and S&P 500 Remain Near Record Highs to Start December 2024
