{"id":48515,"date":"2024-12-05T15:28:43","date_gmt":"2024-12-05T15:28:43","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-major-indexes-hit-records-as-tech-surges-and-bitcoin-breaks-100000\/48515\/"},"modified":"2024-12-05T15:28:43","modified_gmt":"2024-12-05T15:28:43","slug":"stock-market-today-major-indexes-hit-records-as-tech-surges-and-bitcoin-breaks-100000","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-major-indexes-hit-records-as-tech-surges-and-bitcoin-breaks-100000\/48515\/","title":{"rendered":"Stock Market Today: Major Indexes Hit Records as Tech Surges and Bitcoin Breaks $100,000"},"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-major-indexes-hit-records-as-tech-surges-and-bitcoin-breaks-100000\/48515\/#Market_Overview_December_5_2024\" >Market Overview: December 5, 2024<\/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-major-indexes-hit-records-as-tech-surges-and-bitcoin-breaks-100000\/48515\/#Major_Market_Indexes_Performance\" >Major Market Indexes Performance<\/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-major-indexes-hit-records-as-tech-surges-and-bitcoin-breaks-100000\/48515\/#Upcoming_Market_Events\" >Upcoming Market Events<\/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-major-indexes-hit-records-as-tech-surges-and-bitcoin-breaks-100000\/48515\/#Major_Stock_News_and_Movements\" >Major Stock News and 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-major-indexes-hit-records-as-tech-surges-and-bitcoin-breaks-100000\/48515\/#Bitcoin_Breaks_100000_Milestone\" >Bitcoin Breaks $100,000 Milestone<\/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-major-indexes-hit-records-as-tech-surges-and-bitcoin-breaks-100000\/48515\/#Economic_Outlook_and_Federal_Reserve_Stance\" >Economic Outlook and Federal Reserve Stance<\/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-major-indexes-hit-records-as-tech-surges-and-bitcoin-breaks-100000\/48515\/#Conclusion_Market_Optimism_Amid_Economic_Strength\" >Conclusion: Market Optimism Amid Economic Strength<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Overview_December_5_2024\"><\/span>Market Overview: December 5, 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of Thursday, December 5, 2024, the U.S. stock market continues to demonstrate remarkable strength, with major indexes reaching new record highs. This surge is primarily driven by a robust tech sector rally and positive economic indicators. Here&#8217;s a comprehensive look at today&#8217;s market performance, upcoming events, and significant stock movements.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Market_Indexes_Performance\"><\/span>Major Market Indexes Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>The <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (^DJI)<\/b> closed above 45,000 for the first time in history on Wednesday, December 4, climbing approximately 0.7% or over 300 points. As of early trading on Thursday, December 5, the Dow is showing a modest increase of 0.1%.<\/p>\n<p><b>The <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> (^GSPC)<\/b> also achieved a fresh closing high of 6,086.49 on Wednesday, adding roughly 0.6%. In early Thursday trading, it&#8217;s maintaining its upward trajectory with a 0.1% gain.<\/p>\n<p><b>The Nasdaq Composite (^IXIC)<\/b> is leading the charge, having surged 1.3% to a record close of 19,735.12 on Wednesday. The tech-heavy index continues to show strength in early Thursday trading.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events\"><\/span>Upcoming Market Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are closely watching several key events that could impact market dynamics:<\/p>\n<p>1. <b>Federal Reserve Meeting:<\/b> The next Fed rate policy meeting is scheduled for December 18, 2024. Traders are pricing in a 77% chance of a 25 basis point rate cut, up from 67% a week ago, according to the CME FedWatch tool.<\/p>\n<p>2. <b>Jobs Report:<\/b> The monthly jobs report for November is due on Friday, December 6. This report will be crucial in assessing the strength of the U.S. economy and could influence the Fed&#8217;s decision on interest rates.<\/p>\n<p>3. <b>Initial Jobless Claims:<\/b> The latest data released on Thursday, December 5, showed initial jobless claims rising to 224,000, higher than the expected 215,000. This suggests ongoing changes in the employment market that warrant attention.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Stock_News_and_Movements\"><\/span>Major Stock News and Movements<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several companies are making headlines in today&#8217;s market:<\/p>\n<p>1. <b>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>):<\/b> The AI chip giant gained over 3% on Wednesday, nearing its all-time high. However, it&#8217;s showing a slight 0.1% decline in early Thursday trading, potentially ending its five-session win streak.<\/p>\n<p>2. <b>Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>)<\/b> and <b>Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>):<\/b> Both tech giants hit intraday all-time highs on Wednesday, showcasing the strength of the tech sector.<\/p>\n<p>3. <b>Salesforce (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CRM\">CRM<\/a>):<\/b> The software maker&#8217;s stock surged 11% on Wednesday following strong quarterly results, particularly in its AI products.<\/p>\n<p>4. <b>Coinbase Global (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=COIN\">COIN<\/a>)<\/b> and <b>MicroStrategy (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSTR\">MSTR<\/a>):<\/b> These crypto-related stocks are showing strong movements, with Coinbase jumping almost 5% and MicroStrategy rallying 3% in early Thursday trading.<\/p>\n<p>5. <b>Dollar General (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DG\">DG<\/a>)<\/b> and <b>Five Below (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=FIVE\">FIVE<\/a>):<\/b> Both retailers are moving on earnings reports, with Dollar General up 1.5% and Five Below surging nearly 15%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_Breaks_100000_Milestone\"><\/span>Bitcoin Breaks $100,000 Milestone<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In a historic moment for cryptocurrency, <b>Bitcoin (BTC-USD)<\/b> has surpassed the $100,000 mark for the first time. The digital currency reached a high of $103,844 before settling around $103,000. This milestone is driving significant interest in crypto-related stocks and could have broader implications for the financial markets.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economic_Outlook_and_Federal_Reserve_Stance\"><\/span>Economic Outlook and Federal Reserve Stance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Federal Reserve Chair Jerome Powell&#8217;s recent comments at the New York Times DealBook Summit have bolstered market confidence. Powell described the U.S. economy as being in &#8220;remarkably good shape,&#8221; suggesting that the Fed can afford to be cautious in its approach to interest rate adjustments.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_Market_Optimism_Amid_Economic_Strength\"><\/span>Conclusion: Market Optimism Amid Economic Strength<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As we navigate through December 5, 2024, the stock market continues to demonstrate resilience and optimism. The combination of tech sector strength, positive economic indicators, and the historic Bitcoin milestone is creating a bullish sentiment among investors. However, upcoming economic data and the Federal Reserve&#8217;s decisions will be crucial in determining the market&#8217;s direction as we approach the end of the year.<\/p>\n<p>Investors should remain vigilant and consider the potential impacts of upcoming events on their portfolios. As always, diversification and staying informed about market trends are key strategies for navigating the dynamic financial landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: December 5, 2024 As of Thursday, December 5, 2024, the U.S. stock market continues to demonstrate remarkable strength, [&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":[75,225,391,633,1566,3001,3533,3699],"class_list":["post-48515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-crm","tag-aapl","tag-amzn","tag-nvda","tag-mstr","tag-coin","tag-five","tag-dg"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48515","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=48515"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48515\/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=48515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=48515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=48515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}