{"id":48554,"date":"2024-12-12T15:01:53","date_gmt":"2024-12-12T15:01:53","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-nasdaq-hits-20000-as-tech-rally-continues-2\/48554\/"},"modified":"2024-12-12T15:01:53","modified_gmt":"2024-12-12T15:01:53","slug":"stock-market-today-nasdaq-hits-20000-as-tech-rally-continues-2","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-nasdaq-hits-20000-as-tech-rally-continues-2\/48554\/","title":{"rendered":"Stock Market Today: Nasdaq Hits 20,000 as Tech Rally Continues"},"content":{"rendered":"<p>The stock market continues its impressive run on Thursday, December 12, 2024, with major indexes hovering near all-time highs. This surge is primarily driven by a robust rally in technology stocks and growing optimism about potential interest rate cuts by the Federal Reserve.<\/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-nasdaq-hits-20000-as-tech-rally-continues-2\/48554\/#Market_Performance\" >Market Performance<\/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-nasdaq-hits-20000-as-tech-rally-continues-2\/48554\/#Fed_Rate_Cut_Expectations\" >Fed Rate Cut Expectations<\/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-nasdaq-hits-20000-as-tech-rally-continues-2\/48554\/#Technology_Sector_Leads_the_Charge\" >Technology Sector Leads the Charge<\/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-nasdaq-hits-20000-as-tech-rally-continues-2\/48554\/#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-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-nasdaq-hits-20000-as-tech-rally-continues-2\/48554\/#Political_Influence_on_Markets\" >Political Influence on Markets<\/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-nasdaq-hits-20000-as-tech-rally-continues-2\/48554\/#Notable_Stock_Movements\" >Notable Stock Movements<\/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-nasdaq-hits-20000-as-tech-rally-continues-2\/48554\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Performance\"><\/span>Market Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of the latest trading session:<\/p>\n<p>&#8211; The <b><a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a><\/b> is up 0.9% at 6,068.97 points<br \/>&#8211; The <b><a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average<\/b> has gained 0.21% to 44,339.36 points<br \/>&#8211; The <b>Nasdaq Composite<\/b> has surged 0.95% to 19,874.76 points, after crossing the <b>20,000 mark<\/b> for the first time in the previous session<\/p>\n<p>This remarkable performance comes on the heels of Wednesday&#8217;s Consumer Price Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CPI\">CPI<\/a>) report, which showed inflation rising 0.3% month-over-month in November, in line with economists&#8217; expectations. The annual inflation rate stands at 2.7%, indicating the Federal Reserve&#8217;s efforts to control inflation are bearing fruit .<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Fed_Rate_Cut_Expectations\"><\/span>Fed Rate Cut Expectations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The in-line inflation data has bolstered market confidence in an imminent interest rate cut by the Federal Reserve. According to the CME FedWatch tool, there&#8217;s now a <b>96% probability of a 25 basis point cut<\/b> at the Fed&#8217;s upcoming meeting. This expectation has contributed significantly to the market&#8217;s bullish sentiment .<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Technology_Sector_Leads_the_Charge\"><\/span>Technology Sector Leads the Charge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The technology sector continues to be the primary driver of market gains. Notable performances include:<\/p>\n<p>&#8211; <b>Alphabet (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GOOGL\">GOOGL<\/a>)<\/b> and <b>Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>)<\/b>, both up about 5% and trading at all-time highs<br \/>&#8211; <b>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>)<\/b>, <b>Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>)<\/b>, <b>Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>)<\/b>, <b>Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>)<\/b>, and <b>Meta (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=META\">META<\/a>)<\/b> all posting solid gains <\/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 eagerly anticipating several key events that could impact market direction:<\/p>\n<p>1. <b>Producer Price Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PPI\">PPI<\/a>) report<\/b>: Due later today, this data will provide further insights into inflationary pressures.<br \/>2. <b>Weekly jobless claims<\/b>: Also scheduled for release today, this report will offer a snapshot of the labor market&#8217;s health.<br \/>3. <b>Earnings reports<\/b>: Major companies including Broadcom, RH, and Costco Wholesale are set to release their financial results after market close .<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Political_Influence_on_Markets\"><\/span>Political Influence on Markets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The recent victory of former President Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> in the November presidential election has added another layer of optimism to the market. Analysts believe his policies on lower corporate taxes and eased regulations could potentially boost corporate performance .<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Notable_Stock_Movements\"><\/span>Notable Stock Movements<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several individual stocks are making significant moves:<\/p>\n<p>&#8211; <b>GameStop (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GME\">GME<\/a>)<\/b>: Up 5.2% after reporting a profit for the third quarter, attributed to cost-saving efforts.<br \/>&#8211; <b>Broadcom (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AVGO\">AVGO<\/a>)<\/b>: Jumped 3.5% following reports that Apple is developing its first server chip designed for artificial intelligence in collaboration with the company.<br \/>&#8211; <b>Macy&#8217;s (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=M\">M<\/a>)<\/b>: Slumped 12% after cutting its annual profit forecast due to weak demand expectations for the holiday shopping season .<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook\"><\/span>Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite the overall bullish sentiment, some analysts urge caution. Mark Hackett, chief of investment research at Nationwide, notes, &#8220;While seasonality and technical tailwinds are supportive through year-end, investors are likely to be more discerning and selective next year as risk and reward are scrutinized&#8221; .<\/p>\n<p>As the market continues to reach new heights, investors are advised to stay informed about economic indicators, corporate earnings, and policy decisions that could influence market direction in the coming weeks and months.<\/p>\n<p>The stock market&#8217;s performance today reflects growing confidence in the U.S. economy&#8217;s strength and the potential for a more accommodative monetary policy. However, as always, investors should remain vigilant and diversified in their approach to navigate potential volatility in this dynamic market environment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The stock market continues its impressive run on Thursday, December 12, 2024, with major indexes hovering near all-time highs. This [&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":[3764,4,3768,33,3914,219,225,391,633,2919,3712,3741],"class_list":["post-48554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-ppi","tag-tsla","tag-googl","tag-msft","tag-m","tag-gme","tag-aapl","tag-amzn","tag-nvda","tag-avgo","tag-cpi","tag-meta"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48554","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=48554"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48554\/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=48554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=48554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=48554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}