Dow Jones Closes at Record and Hits Trading High Alongside S&P 500 | Wall Street Today

Just past 4pm ET, the $S&P 500 Index (.SPX.US)$ traded +0.30%, hitting over 6020 an hour ago, an intraday record. The $Dow Jones Industrial Average (.DJI.US)$ climbed 0.99% and hit a record 44,815, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.27%.

$Crude Oil Futures(FEB5) (CLmain.US)$ fell 3% after a lack of large-scale conflict over the weekend.

$Bitcoin (BTC.CC)$ came back from a kiss away from 100k. Treasury yields both fell in reaction to Trump's Friday Treasury pick- Scott Bessent, a Hedge Fund Manager for Key Square Group LP. Bloomberg Businessweek reported that global currencies are climbing in value while the U.S. dollar fell, as investors hedge a Trump economy that will hurt more than it helps.

$Zoom Communications (ZM.US)$ fell 3% after hours, when the firm reported quarterly earnings of $1.38 per share, beating the analyst consensus estimate of $1.31 by 5.34 percent

$AMC Entertainment (AMC.US)$ climbed 6% after the company on Monday said in a release it enjoyed its highest domestic revenue ever during the pre-Thanksgiving weekend. AMC welcomed 4.6 million moviegoers worldwide as customers flocked to watch the opening weekends of "Wicked" and "Gladiator II."

$Super Micro Computer (SMCI.US)$ and $Enphase Energy (ENPH.US)$ led the S&P 500, up 15% and 8% by the close.

$Bath & Body Works (BBWI.US)$ climbed 17% intraday after the retailer raised its forward full-year earnings outlook after better results than expected Monday morning. It expects adjusted earnings of $3.15 to $3.28 per share for fiscal 2024, up from its prior projections of $3.06 to $3.26, with a sales decline of 1.7% to 2.5%, compared to a 2% to 4% decline previously expected.

$Macy's (M.US)$ fell more than 4% intraday Monday morning after the big box store said it would delay its earnings report due Tuesday after the firm discovered an employee hid $132M-$154M in delivery expenses since 2021. The firm also said Macy’s said its third-quarter sales fell 2.4% to $4.74 billion.

Within industry sectors, Semiconductors fell following a 4% drop from $NVIDIA (NVDA.US)$, falling more by percentage than after the firm's earnings report last week. It was the lowest decliner on the Dow Jones.

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