As investors sought stocks to supplement their large November gains, the S&P 500 edged higher to set a new record at the start of December trading.
The S&P 500 reached a new intraday high, up 0.2%. the Nasdaq Composite increased by 0.9% and hit a new intraday high. After briefly rising above 45,000, the Dow Jones Industrial Average was down 0.4%.
Earlier last week, the blue-chip index made a couple fleeting touches on the milestone.
Following the retirement of CEO Pat Gelsinger following four years of poor performance at the chipmaker, Intel saw a 5% increase in value.
Following an upgrade to buy from neutral at Roth MKM, Tesla’s stock increased by 2%. The firm attributed this increase to Musk’s close ties to President-elect Donald Trump.
Source (CNBC)
