Nasdaq jumps to new record to start December trading, S&P 500 inches higher 12/2/24

The Nasdaq surged after November’s inflation report met economists’ projections, clearing the way for the Fed to cut interest rates again at its December meeting next week.November’s CPI was in line with expectations. We’ll cover all of the angles with our guest host for the hour, Stifel Chairman & CEO Ronald Kruszewski. 

CNBC’s Tyler Mathisen and Kelly Evans take you through the heart of the business day bringing you the latest developments and instant analysis on the stocks and stories driving the day’s agenda. “Power Lunch” delves into the economy, markets, politics, real estate, media, technology and more. The show sits at the intersection of power and money. “Power Lunch” gives viewers a full plate of CNBC’s award-winning business news coverage, plus a healthy dose of personality from the show’s anchors and the network’s top-notch roster of reporters and digital journalists.

The S&P 500 and Nasdaq are retreating from record highs today, with tech shares struggling and investors looking ahead to key inflation data due out this week. Nvidia shares dropped about 3% on the heels of a Chinese regulator announcing it’s investigating the AI chip darling for potentially violating the country’s antimonopoly law. We’ll tell you all you need to know. 

The S&P 500 and Nasdaq rose to fresh intraday highs, after the November jobs report came in slightly better than expected --  but not so hot as to deter the Federal Reserve from cutting rates again later this month. We’ll cover all of the angles for you.

Stocks are about flat today, as investors await key U.S. employment data tomorrow. The three major averages all saw solid gains in yesterday’s session, posting record closes.Tomorrow’s labor report could influence the Fed’s rate decision at its policy meeting later this month. Fed Chair Jerome Powell said today the economy is strong enough for the Fed to move carefully on rate cuts.We’ll tell you all that you need to know.

CNBC’s Tyler Mathisen and Kelly Evans take you through the heart of the business day bringing you the latest developments and instant analysis on the stocks and stories driving the day’s agenda. “Power Lunch” delves into the economy, markets, politics, real estate, media, technology and more. The show sits at the intersection of power and money. “Power Lunch” gives viewers a full plate of CNBC’s award-winning business news coverage, plus a healthy dose of personality from the show’s anchors and the network’s top-notch roster of reporters and digital journalists.

The S&P 500 slipped today, taking a breather following a major rally that’s taken stocks to all-time highs.New economic data also showed that job openings were higher in October compared to September. But the main event will be Friday’s November payrolls report. We’ll tell you all that you need to know.

The S&P 500 ticked higher to a new record to begin December trading, as investors looked for stocks to add to big November gains. We’ll cover all of the angles for you.

CNBC’s Tyler Mathisen and Kelly Evans take you through the heart of the business day bringing you the latest developments and instant analysis on the stocks and stories driving the day’s agenda. “Power Lunch” delves into the economy, markets, politics, real estate, media, technology and more. The show sits at the intersection of power and money. “Power Lunch” gives viewers a full plate of CNBC’s award-winning business news coverage, plus a healthy dose of personality from the show’s anchors and the network’s top-notch roster of reporters and digital journalists.

The S&P 500 is slightly higher today, as investors look past the threat of new tariffs from President-elect Donald Trump. We’ll break down what it all means for markets and your money.