Stock Market Update
25-Nov-25 12:30 ET
Major averages reclaim 50-day moving averages
Dow +532.57
at 46980.63,
Nasdaq +75.02
at 22947.05,
S&P +44.40
at 6749.51
[BRIEFING.COM] The S&P 500 (+0.5%), Nasdaq Composite (+0.4%), and DJIA (+1.2%) now all trade in positive territory as the information technology sector (-0.7%) narrows its loss for the day while the broader market continues to trend higher.
Today's advance has major averages reclaiming their 50-day moving averages, which the indices have struggled to reclaim after slipping below them last week. Both the S&P 500 and Nasdaq Composite briefly moved above that key technical level yesterday before closing slightly lower.
Bloomberg reports that National Economic Council Director Kevin Hassett has emerged as a frontrunner for the next Fed Chair nomination.
