{"id":48458,"date":"2024-11-26T12:28:33","date_gmt":"2024-11-26T12:28:33","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-dow-hits-record-high-as-wall-street-weighs-trumps-tariff-threat\/48458\/"},"modified":"2024-11-26T12:28:33","modified_gmt":"2024-11-26T12:28:33","slug":"stock-market-today-dow-hits-record-high-as-wall-street-weighs-trumps-tariff-threat","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-dow-hits-record-high-as-wall-street-weighs-trumps-tariff-threat\/48458\/","title":{"rendered":"Stock Market Today: Dow Hits Record High as Wall Street Weighs Trump&#8217;s Tariff Threat"},"content":{"rendered":"<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-dow-hits-record-high-as-wall-street-weighs-trumps-tariff-threat\/48458\/#Market_Performance_Major_Indexes_Edge_Higher\" >Market Performance: Major Indexes Edge Higher<\/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-dow-hits-record-high-as-wall-street-weighs-trumps-tariff-threat\/48458\/#Why_Is_the_Market_Up_Today\" >Why Is the Market Up Today?<\/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-dow-hits-record-high-as-wall-street-weighs-trumps-tariff-threat\/48458\/#Major_Stock_News_and_Corporate_Developments\" >Major Stock News and Corporate Developments<\/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-dow-hits-record-high-as-wall-street-weighs-trumps-tariff-threat\/48458\/#Upcoming_Market_Events_to_Watch\" >Upcoming Market Events to Watch<\/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-dow-hits-record-high-as-wall-street-weighs-trumps-tariff-threat\/48458\/#Global_Market_Implications\" >Global Market Implications<\/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-dow-hits-record-high-as-wall-street-weighs-trumps-tariff-threat\/48458\/#Looking_Ahead_Market_Outlook\" >Looking Ahead: Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Performance_Major_Indexes_Edge_Higher\"><\/span>Market Performance: Major Indexes Edge Higher<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of Tuesday, November 26, 2024, the U.S. stock market continues its upward trajectory, with major indexes showing positive momentum. <b>The <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DJIA\">DJIA<\/a>) reached a new all-time high<\/b>, building on yesterday&#8217;s robust performance. The <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SPX\">SPX<\/a>) and Nasdaq Composite (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=COMP\">COMP<\/a>) are also trending higher, reflecting investor optimism despite geopolitical uncertainties.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_the_Market_Up_Today\"><\/span>Why Is the Market Up Today?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several factors are contributing to today&#8217;s market rally:<\/p>\n<p>1. <b>Optimism surrounding Scott Bessent&#8217;s nomination as Treasury Secretary<\/b>: Investors are hopeful that Bessent&#8217;s appointment will lead to more market-friendly policies, potentially including deficit reduction measures.<\/p>\n<p>2. Resilient consumer spending: Despite concerns about a volatile retail environment, some major retailers have reported encouraging outlooks for the holiday shopping season.<\/p>\n<p>3. Anticipation of Federal Reserve policy: Traders are eagerly awaiting the release of the Fed&#8217;s latest policy meeting minutes, which could provide insights into future interest rate decisions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Stock_News_and_Corporate_Developments\"><\/span>Major Stock News and Corporate Developments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several prominent companies are making headlines today:<\/p>\n<p>1. <b>Kohl&#8217;s (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=KSS\">KSS<\/a>)<\/b>: The retailer&#8217;s stock dropped 4.6% in after-hours trading following the announcement that CEO Tom Kingsbury plans to step down.<\/p>\n<p>2. <b>Zoom Video Communications (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ZM\">ZM<\/a>)<\/b>: Despite reporting better-than-expected third-quarter results, Zoom&#8217;s shares fell 5.5% in extended trading.<\/p>\n<p>3. <b>Bath &#038; Body Works (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=BBWI\">BBWI<\/a>)<\/b>: The personal care products retailer saw its stock surge 16.5% after delivering strong quarterly profits and raising its full-year financial forecasts.<\/p>\n<p>4. <b>Macy&#8217;s (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=M\">M<\/a>)<\/b>: The department store chain&#8217;s stock fell 2.2% after announcing a delay in releasing its full financial results due to an internal investigation into misreported delivery expenses.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events_to_Watch\"><\/span>Upcoming Market Events to Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors should keep an eye on these key events that could impact market performance in the coming days:<\/p>\n<p>1. <b>Federal Reserve Minutes<\/b>: The release of the Fed&#8217;s latest policy meeting minutes, expected later today, could provide crucial insights into the central bank&#8217;s stance on interest rates and economic outlook.<\/p>\n<p>2. <b>Personal Consumption Expenditures (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PCE\">PCE<\/a>) Index<\/b>: The October reading of this key inflation gauge, favored by the Fed, is scheduled for release on Wednesday.<\/p>\n<p>3. <b>Earnings Reports<\/b>: Several major companies are set to release their quarterly earnings today, including CrowdStrike (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CRWD\">CRWD<\/a>), Workday (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=WDAY\">WDAY<\/a>), Macy&#8217;s (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=M\">M<\/a>), Autodesk (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ADSK\">ADSK<\/a>), Best Buy (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=BBY\">BBY<\/a>), HP Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=HPQ\">HPQ<\/a>), and Dell Technologies (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DELL\">DELL<\/a>).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Market_Implications\"><\/span>Global Market Implications<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The U.S. market&#8217;s performance is influencing global markets, with some notable developments:<\/p>\n<p>1. <b>European markets<\/b>: Indices opened lower as investors evaluate the potential impact of President-elect <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s proposed tariff hikes on China, Mexico, and Canada.<\/p>\n<p>2. <b>Asian markets<\/b>: Most Asia-Pacific indices closed in the red, with China&#8217;s Shenzhen Component and Shanghai Composite indices down 0.12% and 0.84%, respectively. Japan&#8217;s Nikkei and Topix indices also closed lower.<\/p>\n<p>3. <b>Currency markets<\/b>: The Mexican peso and Canadian dollar experienced sharp drops as the U.S. dollar rallied in response to <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s &#8220;America First&#8221; rhetoric.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead_Market_Outlook\"><\/span>Looking Ahead: Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As we move forward, the <a href=\"https:\/\/stockmarketwatch.com\/live\/stock-market-today\" data-internallinksmanager029f6b8e52c=\"6\" title=\"Stock Market Today\">stock market today<\/a> remains cautiously optimistic. Investors are balancing positive economic indicators with potential geopolitical risks. <b>The upcoming Fed minutes and PCE index data will be crucial in shaping market sentiment<\/b> and could provide further direction for both equities and bond yields.<\/p>\n<p>With the holiday shopping season underway and year-end approaching, market participants will be closely monitoring consumer spending trends and any shifts in monetary policy expectations. As always, staying informed about the latest market news and maintaining a diversified portfolio remains key for investors navigating these dynamic market conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Performance: Major Indexes Edge Higher As of Tuesday, November 26, 2024, the U.S. stock market continues its upward trajectory, [&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":[3749,3843,248,3913,252,3914,1273,3915,1728,1877,3280,3686,3698,3700],"class_list":["post-48458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-pce","tag-comp","tag-dell","tag-bbwi","tag-hpq","tag-m","tag-adsk","tag-zm","tag-kss","tag-spx","tag-djia","tag-wday","tag-bby","tag-crwd"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48458","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=48458"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48458\/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=48458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=48458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=48458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}