Dow climbs more than 300 points to fresh record following Trump's pick of Bessent for Treasury: Live updates
The Dow Jones Industrial Average and S&P 500 touched new records on Monday as investors cheered President-elect Donald Trump’s choice for Treasury secretary and the shortened Thanksgiving trading week kicked off.
The blue-chip Dow traded 435 points, or 1%, higher, while the broad S&P 500 gained 0.5%. Both hit new all-time highs in the session.
Read MoreS&P 500 Rebounds As Investors Focus On Q2 2025
Ironman is the alias of the blogger at Political Calculations, a site that develops,
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Read MoreStock market today: Dow, S&P 500, Nasdaq poised to jump after Trump picks Scott Bessent for Treasury
US stocks climbed on Monday amid high hopes for President-elect Donald Trump’s choice of Scott Bessent for Treasury secretary. Investors also looked ahead to a Federal Reserve-favored inflation print.
The Dow Jones Industrial Average (^DJI) led the advance, up about 250 points, or roughly 0.6%.
Read MoreWarren Buffett's Potential Warning Signal Could Be Trouble for the S&P 500 (SPX)
Investing
Warren Buffett’s growing cash pile, now at a towering $325 billion, is seen as a significant warning signal for some investors who may find themselves overinvested in equities. Undoubtedly, Warren Buffett and Berkshire Hathaway (NYSE:BRK-B) have shown they’re more than comfortable sitting on a mountain of cash for a lengthy time if there are limited opportunities in stocks.
Read MoreAdani Energy, Adani Green, Adani Power, Adani Total: Adani stocks extend gains, rise up to 8%
Shares of Adani group companies such as Adani Energy Solutions Ltd, Adani Green Energy Ltd, Adani Power Ltd, Adani Enterprises Ltd and Adani Total Gas Ltd climbed up to 5 per cent and extended their recent recovery after the Adani group clarification on US bribery case.
Shares of Adani Energy Solutions Ltd were trading 6.55 per cent higher at Rs 704.55.
The Burst
Market Commentary: S&P 500 4,200 Next?
Last Friday a crack in the markets occurred in the final 30 minutes of trading. Although the session had largely been positive as volatility was crushed early on, selling accelerated into the close. It’s always an ominous sign for the markets when the close heading into the weekend is weak.
A closer look at the long-term trend reveals where the ceiling for the market lies.
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Read MoreThe Ivy
1 Social Media Stock To Avoid In 2024
When a stock has soared 63% for the year it’s a risky proposition to step in the way of the momentum freight train and short it, but sometimes the highest flying stocks create setups for the biggest crashes. One social media stock that went on a huge run this year falls squarely into that category.
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Read MoreThe Spotlight
Is it Finally Time to Buy UBER?
Is it time to buy UBER stock? Uber Technologies (NYSE:UBER) seems to be on a roll. Despite the disruption the emergence of the COVID-19 caused in the transportation marketplace, UBER seems to be snapping back. During the company’s most recent quarterly earnings call, CEO Dara Khosrowshah stated that the company had achieved total adjusted EBITDA profitability for the second quarter in a row –