Stock Market News

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Samiat

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Nov 12, 2024
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Stock Market News​

The U.S. stock market closed mixed on Tuesday as investors assessed inflation data and prepared for key earnings reports. While the S&P 500 and Dow Jones Industrial Average ended slightly higher, the Nasdaq Composite fell after a choppy session.

Index Performance:​

  • Dow Jones Industrial Average: Up 0.52% to 42,518.3
  • S&P 500: Up 0.11% to 5,842.9
  • Nasdaq Composite: Down 0.23% to 19,044.4

Sector Highlights:​

  • Gainers: Utilities and financials led the session.
  • Decliners: Communication services and healthcare were the biggest drags. Healthcare fell 0.94%, with Eli Lillydeclining 6.59% after issuing a weak sales forecast for its weight-loss drug, Zepbound.

Stock Movers:​

  • United Rentals: Jumped 5.9% after announcing a $4.8 billion acquisition of H&E Equipment Services, which soared 106%.
  • Celanese: Rose 5.4% after being upgraded to "buy" by BofA Securities.
  • Vistra (VST): Climbed 5.2%, fresh off massive 2024 gains of over 250%, as analysts praised its potential to meet energy demand driven by artificial intelligence data centers.
  • Boeing: Dropped 2.08% after reporting its lowest annual jet deliveries since the pandemic.
Volume on U.S. exchanges was 13.58 billion shares, compared with the 15.72-billion average over the last 20 trading days

The S&P 500 posted 8 new 52-week highs and 6 new lows, while the Nasdaq Composite recorded 36 new highs and 132 new lows.
 
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