Stock Market Update
02-Dec-25 09:55 ET
Strength in tech pushes major averages higher, broader market weaker
Dow +44.43
at 47333.55,
Nasdaq +172.78
at 23448.74,
S&P +19.28
at 6831.90
[BRIEFING.COM] Solid early strength in the information technology sector (+1.2%) has pushed the S&P 500 (+0.3%) and Nasdaq Composite (+0.7%) to solid early gains, while weakness in the broader market keeps the DJIA (+0.1%) near its flatline.
NVIDIA (NVDA 185.32, +5.40, +3.00%) jumps out to a strong start, building on yesterday's 1.7% gain and contributing to a 2.4% gain in the PHLX Semiconductor Index.
Alphabet (GOOG 317.25, +2.13, +0.68%) is also modestly higher after facing some profit-taking yesterday, helping the communication services sector (+0.1%) remain above its flatline.
Strength elsewhere is limited to just the industrials sector (+0.3%).
Losses across the seven other sectors are relatively modest, though there are a few exceptions. The energy sector (-1.6%) gives back yesterday's gain as the price of oil decreases $0.92 (-1.6%) to $58.40 per barrel.
Meanwhile, the consumer staples sector (-0.9%) retreats as a majority of its components trade lower.
