How major US stock indexes fared Wednesday, 12/4/2024
U.S. stock indexes reached more records after tech companies talked up how much artificial intelligence is boosting their results
By The Associated Press
Published - Dec 04, 2024, 04:15 PM ET
Last Updated - Dec 16, 2024, 05:07 PM EST
U.S. stock indexes reached more records after tech companies talked up how much artificial intelligence is boosting their results.
The S&P 500 climbed 0.6% Wednesday to add to what looks to be one of its best years of the millennium. The Dow Jones Industrial Average gained 0.7%, while the Nasdaq composite added 1.3% to its own record.
Salesforce pulled the market higher after highlighting its artificial-intelligence offering for customers. Marvell Technology jumped even more after saying it’s seeing strong demand from AI. Treasury yields eased, while bitcoin climbed after President-elect Donald Trump nominated a crypto advocate to head the Securities and Exchange Commission.
On Wednesday:
