NVDA
NVIDIA
-- 108.380 TSLA
Tesla
-- 259.160 PLTR
Palantir
-- 84.400 AMZN
Amazon
-- 190.260 GOOG
Alphabet-C
-- 156.230 
Nasdaq leads Wall Street's gains as Microsoft hits record high
- $Microsoft (MSFT.US)$ rises as ousted OpenAI CEO set to join company
- $Bristol-Myers Squibb (BMY.US)$ down as Bayer's anti-clotting drug trial fails
- Indexes up: $Dow Jones Industrial Average (.DJI.US)$ 0.58%, $S&P 500 Index (.SPX.US)$ 0.74%, $Nasdaq Composite Index (.IXIC.US)$ 1.13%
- $Bristol-Myers Squibb (BMY.US)$ down as Bayer's anti-clotting drug trial fails
- Indexes up: $Dow Jones Industrial Average (.DJI.US)$ 0.58%, $S&P 500 Index (.SPX.US)$ 0.74%, $Nasdaq Composite Index (.IXIC.US)$ 1.13%
Wall Street's three major stock averages closed higher on Monday with Nasdaq's 1% rally leading the charge as heavyweight Microsoft hit a record high after it hired prominent artificial intelligence executives.
The Nasdaq boasted its highest closing level since July 31 while the S&P 500 registered its highest close since Aug. 1.
The S&P 500's information technology sub-index (.SPLRCT) ended up 1.5% and was the top gainer among the S&P 500's 11 major sectors. Its biggest boost came from Microsoft (MSFT.O) shares which touched a record high and ended up 2%.
The Nasdaq boasted its highest closing level since July 31 while the S&P 500 registered its highest close since Aug. 1.
The S&P 500's information technology sub-index (.SPLRCT) ended up 1.5% and was the top gainer among the S&P 500's 11 major sectors. Its biggest boost came from Microsoft (MSFT.O) shares which touched a record high and ended up 2%.
The Dow Jones Industrial Average rose 191.4 points, or 0.55%, to 35,138.68, the S&P 500 gained 31.6 points, or 0.70%, at 4,545.62 and the Nasdaq Composite added 148.62 points, or 1.05%, at 14,274.10.
The defensive utilities index was the S&P 500's biggest sector decliner, down 0.4%. Of the 11 sectors, consumer stables was the next weakest, down 0.02%.
Wall Street's main indexes have staged a rebound so far in November, after about three months of weakness as evidence of easing U.S. inflation supported bets that the Federal Reserve was done raising interest rates. The benchmark S&P 500 was also closing back in on its year-to-date high reached in July, just a little over 1% below the milestone.
Traders have nearly fully priced in the likelihood that the Fed will keep interest rates unchanged in December, and have started pricing in rate cuts as soon as March, according to the CME Group's FedWatch tool.
While trading volume is often thin ahead of Thursday's U.S. Thanksgiving holiday, investors will have at least two potential catalysts to monitor.
One is the quarterly report, due out on Tuesday from chip designer Nvidia, whose stock is seen as one of the best ways to bet on the emerging artificial intelligence industry. Nvidia's results will wrap up the earnings season for the so-called "Magnificent Seven" group of megacap companies.
Also on Tuesday, the Fed is expected to issue minutes of its November meeting, which may provide clues on the direction of U.S. interest rates.
Capping off the week, foot traffic at stores on Black Friday could provide a gauge on the state of U.S. consumer spending.
Among individual movers, Bristol Myers Squibb fell 4% as Germany's Bayer on Sunday stopped a late-stage trial testing a new anti-clotting drug, hurting investor confidence in all firms developing similar class of drugs.
Boeing added 4% as Deutsche Bank upgraded the aerospace company to "buy" from "hold" and raised its price target to $270 from $204.
Advancing issues outnumbered decliners on the NYSE by a 2.03-to-1 ratio; on Nasdaq, a 1.63-to-1 ratio favored advancers.
The S&P 500 posted 25 new 52-week highs and one new low; the Nasdaq Composite recorded 70 new highs and 78 new lows. $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
The defensive utilities index was the S&P 500's biggest sector decliner, down 0.4%. Of the 11 sectors, consumer stables was the next weakest, down 0.02%.
Wall Street's main indexes have staged a rebound so far in November, after about three months of weakness as evidence of easing U.S. inflation supported bets that the Federal Reserve was done raising interest rates. The benchmark S&P 500 was also closing back in on its year-to-date high reached in July, just a little over 1% below the milestone.
Traders have nearly fully priced in the likelihood that the Fed will keep interest rates unchanged in December, and have started pricing in rate cuts as soon as March, according to the CME Group's FedWatch tool.
While trading volume is often thin ahead of Thursday's U.S. Thanksgiving holiday, investors will have at least two potential catalysts to monitor.
One is the quarterly report, due out on Tuesday from chip designer Nvidia, whose stock is seen as one of the best ways to bet on the emerging artificial intelligence industry. Nvidia's results will wrap up the earnings season for the so-called "Magnificent Seven" group of megacap companies.
Also on Tuesday, the Fed is expected to issue minutes of its November meeting, which may provide clues on the direction of U.S. interest rates.
Capping off the week, foot traffic at stores on Black Friday could provide a gauge on the state of U.S. consumer spending.
Among individual movers, Bristol Myers Squibb fell 4% as Germany's Bayer on Sunday stopped a late-stage trial testing a new anti-clotting drug, hurting investor confidence in all firms developing similar class of drugs.
Boeing added 4% as Deutsche Bank upgraded the aerospace company to "buy" from "hold" and raised its price target to $270 from $204.
Advancing issues outnumbered decliners on the NYSE by a 2.03-to-1 ratio; on Nasdaq, a 1.63-to-1 ratio favored advancers.
The S&P 500 posted 25 new 52-week highs and one new low; the Nasdaq Composite recorded 70 new highs and 78 new lows. $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
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