S&P and Nasdaq Reach New Highs Amid Positive Jobs Data
TL;DR Summary
The S&P 500 and Nasdaq Composite reached record highs following a jobs report that met expectations, boosting investor confidence and increasing the likelihood of a Federal Reserve rate cut. The report showed 227,000 jobs added in November, with unemployment at 4.2%. Bitcoin rose above $100,000, while stocks like Lululemon and Hewlett Packard Enterprise surged on strong earnings. Meanwhile, the Dow Jones fell slightly, and oil prices dropped amid surplus concerns.
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- Stock Market Today: Nasdaq, S&P 500 Close Higher After Jobs Report; Another Interest-Rate Cut in Focus The Wall Street Journal
- S&P, Nasdaq hit record closing highs; data supports rate cut view Yahoo Finance
- Stocks Extend Record-Breaking Run After Jobs Data: Markets Wrap Bloomberg
- Jobs Report: Hiring Rebound, Jobless Rate Key (Live Coverage) Investor's Business Daily
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