{"id":48427,"date":"2024-11-20T12:01:39","date_gmt":"2024-11-20T12:01:39","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-and-nasdaq-rise-as-tech-giants-lead-the-way\/48427\/"},"modified":"2024-11-20T12:01:39","modified_gmt":"2024-11-20T12:01:39","slug":"stock-market-today-sp-500-and-nasdaq-rise-as-tech-giants-lead-the-way","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-and-nasdaq-rise-as-tech-giants-lead-the-way\/48427\/","title":{"rendered":"Stock Market Today: S&#038;P 500 and Nasdaq Rise as Tech Giants Lead the Way"},"content":{"rendered":"<p>The stock market on Wednesday, November 20, 2024, showed mixed results as investors focused on tech sector performance and geopolitical tensions. This article provides an in-depth look at current market indexes, upcoming market events, and major stock news that are shaping today&#8217;s trading landscape.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-and-nasdaq-rise-as-tech-giants-lead-the-way\/48427\/#Market_Performance_S_P_500_and_Nasdaq_Climb_Dow_Jones_Slips\" >Market Performance: S&#038;P 500 and Nasdaq Climb, Dow Jones Slips<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-and-nasdaq-rise-as-tech-giants-lead-the-way\/48427\/#Sector_Performance_and_Market_Breadth\" >Sector Performance and Market Breadth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-and-nasdaq-rise-as-tech-giants-lead-the-way\/48427\/#Spotlight_on_Nvidia_and_Tech_Giants\" >Spotlight on Nvidia and Tech Giants<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-and-nasdaq-rise-as-tech-giants-lead-the-way\/48427\/#Major_Company_News_and_Stock_Movements\" >Major Company News and Stock Movements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-and-nasdaq-rise-as-tech-giants-lead-the-way\/48427\/#Economic_Data_and_Housing_Market_Update\" >Economic Data and Housing Market Update<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-and-nasdaq-rise-as-tech-giants-lead-the-way\/48427\/#Geopolitical_Tensions_and_Market_Risks\" >Geopolitical Tensions and Market Risks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-and-nasdaq-rise-as-tech-giants-lead-the-way\/48427\/#Looking_Ahead_Key_Events_and_Earnings_Reports\" >Looking Ahead: Key Events and Earnings Reports<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-and-nasdaq-rise-as-tech-giants-lead-the-way\/48427\/#Conclusion_Market_Resilience_Amid_Mixed_Signals\" >Conclusion: Market Resilience Amid Mixed Signals<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Performance_S_P_500_and_Nasdaq_Climb_Dow_Jones_Slips\"><\/span>Market Performance: S&#038;P 500 and Nasdaq Climb, Dow Jones Slips<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of the latest trading session, the <b><a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> Index ($SPX) closed up 0.40% at 5,916.98<\/b>, while the <b>Nasdaq 100 Index ($IUXX) finished 0.71% higher<\/b>. These gains were primarily driven by strong performances in the technology sector, particularly among the Magnificent Seven tech stocks. In contrast, the <b><a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average ($DOWI) closed down 0.28% at 43,268.94<\/b>, marking its fourth consecutive day of decline.<\/p>\n<p>The tech-heavy Nasdaq Composite has shown resilience, <b>posting two successive positive closes and finishing at 18,987.47, up more than 1% or 195.66 points<\/b>. This upward momentum is largely attributed to the anticipation surrounding Nvidia&#8217;s earnings report, expected after market close today.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sector_Performance_and_Market_Breadth\"><\/span>Sector Performance and Market Breadth<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the S&#038;P 500 sectors, Communication Services and Technology led the gains, with the <b>Communication Services Select Sector SPDR (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=XLC\">XLC<\/a>) up 0.8% and the Technology Select Sector SPDR (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=XLK\">XLK<\/a>) rising 0.7%<\/b>. On the downside, Energy and Financials sectors faced pressure, with the <b>Energy Select Sector SPDR (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=XLE\">XLE<\/a>) down 0.6% and the Financials Select Sector SPDR (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=XLF\">XLF<\/a>) declining 0.7%<\/b>.<\/p>\n<p>Market breadth was positive, with <b>advancers outnumbering decliners on the <a href=\"https:\/\/stockmarketwatch.com\/markets\/nyse\/today.aspx\" data-internallinksmanager029f6b8e52c=\"2\" title=\"NYSE Today\">NYSE<\/a> by a 1.14-to-1 ratio<\/b>. The Nasdaq showed an even stronger trend, with <b>a 1.34-to-1 ratio favoring advancing issues<\/b>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Spotlight_on_Nvidia_and_Tech_Giants\"><\/span>Spotlight on Nvidia and Tech Giants<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) is at the center of market attention, with its stock jumping 4% ahead of its earnings report<\/b>. Analysts are expecting record-breaking results, with <b>Q3 revenue forecasts at $33.25 billion and projections for 2025 revenue reaching $126.58 billion<\/b>. The performance of Nvidia and other tech giants is crucial for market sentiment and could significantly influence near-term market direction.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Company_News_and_Stock_Movements\"><\/span>Major Company News and Stock Movements<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>1. <b>Walmart (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=WMT\">WMT<\/a>) shares climbed 3%<\/b> after reporting stronger-than-expected Q3 adjusted EPS and raising its full-year adjusted EPS forecast.<\/p>\n<p>2. <b>Lowe&#8217;s (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LOW\">LOW<\/a>) saw its stock drop more than 4%<\/b> following a Q3 gross margin report that fell short of analyst expectations.<\/p>\n<p>3. <b>H&#038;R Block (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=HRB\">HRB<\/a>) and Intuit (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=INTU\">INTU<\/a>) experienced significant declines<\/b>, down more than 8% and 5% respectively, following reports of a potential government-led free tax filing app.<\/p>\n<p>4. <b>Medtronic Plc (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MDT\">MDT<\/a>) shares fell more than 3%<\/b> after forecasting Q3 EPS below consensus estimates.<\/p>\n<p>5. <b>Stellantis NV (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=STLA\">STLA<\/a>) declined more than 2%<\/b> amid concerns over rising auto inventory levels.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economic_Data_and_Housing_Market_Update\"><\/span>Economic Data and Housing Market Update<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The latest economic data revealed some weakness in the housing market. <b>October housing starts fell 3.1% month-over-month to 1.311 million units, below expectations of 1.334 million<\/b>. Additionally, <b>building permits for October came in at 1.416 million units, missing the consensus estimate of 1.44 million<\/b>. These figures suggest potential challenges in the real estate sector, which could have broader economic implications.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Geopolitical_Tensions_and_Market_Risks\"><\/span>Geopolitical Tensions and Market Risks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors remain cautious due to escalating geopolitical tensions between Russia and Ukraine. Reports of <b>Ukraine using Western-supplied missiles to strike Russian territory<\/b> have raised concerns about potential conflict escalation. Furthermore, <b>Russian President Putin&#8217;s approval of an updated nuclear doctrine<\/b> that expands conditions for using atomic weapons has added to market uncertainty.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead_Key_Events_and_Earnings_Reports\"><\/span>Looking Ahead: Key Events and Earnings Reports<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As the market moves forward, several key events and earnings reports are on the horizon:<\/p>\n<p>1. <b>Nvidia&#8217;s (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) earnings report<\/b>, expected after market close on November 20, 2024.<br \/>2. Upcoming earnings from <b>Palo Alto Networks (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PANW\">PANW<\/a>), Snowflake (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SNOW\">SNOW<\/a>), and Target (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TGT\">TGT<\/a>)<\/b>.<br \/>3. Continued monitoring of geopolitical developments and their potential impact on market sentiment.<br \/>4. Attention to upcoming economic data releases for further insights into the overall economic health.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_Market_Resilience_Amid_Mixed_Signals\"><\/span>Conclusion: Market Resilience Amid Mixed Signals<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <a href=\"https:\/\/stockmarketwatch.com\/live\/stock-market-today\" data-internallinksmanager029f6b8e52c=\"6\" title=\"Stock Market Today\">stock market today<\/a> demonstrates resilience in the face of mixed economic signals and geopolitical tensions. While tech stocks continue to drive gains in the S&#038;P 500 and Nasdaq, concerns over housing market weakness and international conflicts keep investors cautious. As we move forward, the focus will remain on high-profile earnings reports, particularly in the tech sector, and any developments in the global political landscape that could influence market direction.<\/p>\n<p>Investors are advised to stay informed about these key factors and maintain a balanced approach to their investment strategies in this dynamic market environment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The stock market on Wednesday, November 20, 2024, showed mixed results as investors focused on tech sector performance and geopolitical [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[94],"tags":[3752,41,3760,3815,277,3898,633,3899,1195,1456,2005,2086,3206,3347],"class_list":["post-48427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-stla","tag-intu","tag-xle","tag-xlc","tag-wmt","tag-tgt","tag-nvda","tag-snow","tag-low","tag-mdt","tag-xlf","tag-hrb","tag-xlk","tag-panw"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=48427"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48427\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=48427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=48427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=48427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}