Nasdaq Surpasses 20,000 Amid Big Tech Surge and Investor Caution
TL;DR Summary
The stock market saw profit-taking after the Nasdaq hit a milestone of 20,000, with inflation data showing higher-than-expected wholesale prices. Adobe's shares fell sharply due to disappointing quarterly results, while Arm and Upstart saw gains. The Nasdaq composite and S&P 500 experienced slight declines, while the Dow Jones reversed earlier gains. In other markets, U.S. Treasury yields rose slightly, and crude oil and gold futures fell.
- Stock Market Today: Sellers Take Profits After Nasdaq 20,000 Milestone But Meta, Microsoft, Upstart Rally (Live Coverage) Investor's Business Daily
- Alphabet and Tesla reach fresh records, joining Amazon and Meta and pushing Nasdaq past 20,000 CNBC
- Wall Street Sends Big Tech to Fresh Highs Post-CPI: Markets Wrap Yahoo Finance
- Morning Bid: Europe eases with Swiss surprise as Nasdaq clocks 20k Reuters
- Nasdaq hits 20,000 for first time. It may spell trouble for investors next year. MarketWatch
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