Nasdaq notches record close backed by technology stocks
US stock indexes rallied on Monday, but gains were offset by higher treasury yields as economic growth accelerated in December to hit a record performance since March 2022.
Name
Price
Change (value)
Change (%)
The Dow Jones Industrial Average edged down 0.25%, or 110 points, to 43,717 points, extending losses for the eighth straight session. Meanwhile, the S&P 500 Index increased 0.4%, or 22 points, to 6,074 points, and the Nasdaq Composite advanced about 1.25%, or 247 points, to 20,173 points.
Shares of Apple, tesla and Broadcom Inc. ended at record highs, adding 1.15%, 6.15% and 11.2% to $251.04, $463.02 and $250, respectively.
As for the European indices, STOXX Europe 600 fell 0.1% to 515.8 points, as most sectors closed in the negative territory.
FTSE 100 retreated 0.45% to 8,262 points. DAX 40 inched down nearly 0.45% to 20,313 points, and CAC 40 decreased 0.7% to 7,357 points.
In Japan, Nikkei 225 remained unchanged at 39,457 points. TOPIX fell 0.30% to 2,738 points.
Name
Price
Change (value)
Change (%)
In the oil market, futures contracts for Brent crude for February 2025 delivery fell 0.8%, or $0.58 at $73.91 per barrel.
Meanwhile, prices of West Texas Intermediate (WTI) crude oil for January delivery dropped 0.8%, or $0.58 to $70.71 per barrel.
As for gold, futures prices for the yellow metal for February delivery inched down 0.2%, or $5.8 to $2,670 per ounce.
The headline S&P Global Flash US PMI Composite Output Index rose from 54.9 in November to 56.6 in December, signaling the fastest expansion of business activity since March 2022.
Name
Price
Change (value)Change (%)
Brent Crude Oil
72.93
(0.01)
(0.01 %)
Nymex
69.46
0.08
0.12 %
Natural Gas
3.75
(0.01)
(0.28 %)
Gold
2,690.00
36.70
1.38 %
Silver
30.48
0.54
1.80 %
High Grade Copper
4.18
0.02
0.48 %
Iron Ore
104.08
(0.65)
(0.62 %)
Aluminum
2,505.50
26.50
1.07 %
LEAD
1,981.00
9.00
0.46 %
Zinc
2,972.50
2.50
0.08 %
Steel
718.00
5.00
0.69 %
Wheat (CBOT)
533.00
0.00
0.00 %
Corn (CBOT)
446.25
5.40
1.23 %
Coffee (ICEUS)
325.00
1.25
0.38 %
Whole Milk Powder
4,612.50
(37.50)
(0.81 %)
Skim Milk Powder
2,737.50
(62.50)
(2.28 %)
Refining margins
4.34
1.14
35.63 %
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