Nasdaq hits 23rd record high of 2024; S&P 500, Dow also rise
The Nasdaq Composite closed at its 23rd record high of the year, boosted by tech giants like Nvidia and Microsoft. The S&P 500 and Dow also finished higher, despite a rise in U.S. 10-year Treasury yields to their highest level since 2002.
1% and posting its 23rd record closing high of 2024. Nvidia and Microsoft were among the main drivers of the move. 32% below its August 13 record close. 67% below its own August 5 record finish.
Materials were the top gainers in the S&P 500, while real estate was the only sector to fall. The dollar climbed to its highest since April 2025. Gold was little changed and bitcoin slipped, while US crude fell more than 2%. 31%.
277%, it would mark a sixth straight weekly rise; the last longer run was a seven-week advance that ended in early November 2024. NYMEX crude futures fell more than 2%, slipping back below the $90-a-barrel level after their recent run higher. S&P 500 sector gains were broad-based, with 10 of 11 groups finishing in positive territory. Communication services and materials, each up more than 1%, led the advance.
4%. 1%. Regional banks, transports and housing-related shares lagged, reflecting continued pressure from elevated interest rates on economically sensitive areas. The Nasdaq Composite's latest record was joined by record closes for the S&P 100, Nasdaq 100, S&P 500 technology sector and S&P 500 Growth Index.
The Magnificent Seven ETF also finished at an all-time closing high, helped by Nvidia, which ended at a record closing high. m. ET. Earlier on Live Markets: Treasury yields loom large ahead of bank earnings season.
Mega cap resurgence hurts active stock pickers in September, BofA says. Being of service: ISM and S&P Global services PMIs. Yields rise, but growth leadership holds firm. Retail investors boost stock exposure to the highest since 2017.
Spain's election unlikely to derail economic path. Brazil ETF soars after presidential vote. Tactical opportunity in Europe's banks. S.
stocks can keep defying yields. Muted opening. Europe before the bell: Mixed start, eyes on the bond market. The euro has a France problem.
Close10052026. Terence Gabriel is a Reuters market analyst. The views expressed are his own.