London, Tuesday, 19 December 2023
Nasdaq 100 at Fresh Records, US Stocks Higher
Tuesday saw a minor increase in US stocks, with the three major averages increasing by roughly 0.2%, as investors evaluated the prospects for monetary policy and looked for more catalysts.
The S&P 500 is presently trading at two-year highs, the Dow Jones is at record levels, and the Nasdaq 100 broke a new record of 16766. Investors are betting that the Fed will begin lowering interest rates in 2019.
The probability of a rate reduction as early as March is now at roughly 66%. However, some decision-makers appear to be resisting these demands. In the meantime, there are some indications that the housing market is rebounding as new starts surprisingly increased last month.
The best-performing categories were materials, communication services, consumer discretionary, and real estate. Regarding business, following the announcement that Lufthansa had placed an order for 40 Boeing 737-8 MAX, shares of Boeing increased by almost 0.7%. NVIDIA saw a 1.6% decline, while Meta and Tesla saw over 1% increases.
(Source: Trading Economics //Edit by The Decision Maker - Finance editors)
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