December trading started off well with the S&P 500 and the Nasdaq not only hitting new intraday records but also closing highs.
At 4:03 p.m. ET, the $S&P 500 Index (.SPX.US)$ was up 0.24% to 6,047 and the $Nasdaq Composite Index (.IXIC.US)$ was up 0.97% to 19,403. The $Dow Jones Industrial Average (.DJI.US)$ was off 0.29% to 44,782.
$Tesla (TSLA.US)$ shares gained 3% following an upgrade to buy from neutral at Roth MKM. The firm notes Musk’s close relationship with President-elect Donald Trump as a catalyst.
$Upstart (UPST.US)$ shares tumbled nearly 15% after JPMorgan downgraded the stock to underweight with a $57 price target.
On this Cyber Monday, $Amazon (AMZN.US)$ stock added 1% amid the start of the holiday shopping season.
Bitcoin declined 1.3% to $95,727, and the yield for 10-year US Treasuries shed less than 1 basis point to 4.19%.
Looking ahead for the week, Friday has the November jobs report while Salesforce and Marvell Technologies release quarterly earnings on Tuesday, followed by Kroger, Lululemon and Dollar General on Thursday.
