US STOCKS – S&P 500, Nasdaq finish higher with tech-related shares…..
The Nasdaq and S&P 500 ended higher on Monday, boosted by tech-related shares after the market posted a strong November, with investors awaiting this week’s economic data including the key monthly jobs report on Friday. The Dow was down slightly on the day. Both the Dow and S&P 500 recorded their biggest monthly percentage gains in a year on Friday. The technology .SPLRCT , communication services .SPLRCL and consumer discretionary .SPLRCD sectors each rose roughly 1% on Monday, while other segments were lower. Tesla TSLA.O shares advanced, with Stifel raising its price target on the stock.
The Dow Jones Industrial Average .DJI fell 128.65 points, or 0.29%, to 44,782.00, the S&P 500 .SPX gained 14.74 points, or 0.24%, to 6,047.12 and the Nasdaq Composite .IXIC gained 185.78 points, or 0.97%, to 19,403.95. Earlier , data from the Institute for Supply Management showed U.S. manufacturing activity improved in November, while the final reading of the S&P manufacturing survey was revised upwards to 49.7, compared to a previous reading of 48.8.
Super Micro Computer SMCI.O surged after the artificial intelligence server maker began its search for a new finance chief based on recommendations made by a special committee formed to review the company’s accounting practices. U.S. stocks outperformed global peers in November https://tmsnrt.rs/49…
Reporting by Caroline Valetkevitch; Additional reporting by Shashwat Chauhan and Purvi Agarwal in Bengaluru; Editing by Maju Samuel and Richard Chang.
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