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Barchart
Barchart
Rich Asplund

Tech Stock Strength Lifts the S&P 500 and Nasdaq 100 to Record Highs

The S&P 500 Index ($SPX) (SPY) today is up +0.30%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.56%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.67%.

Stocks today are moderately higher, with the S&P 500 and Nasdaq 100 posting new all-time highs.  Strength in technology stocks is lifting the overall market as positive earnings news buoys the sector.  Marvell Technology is up more than +20% after reporting better-than-expected Q3 adjusted EPS and forecasting Q4 adjusted EPS above consensus.  Also, Salesforce is up more than +9% after reporting stronger-than-expected Q3 revenue and forecasting 2025 revenue above consensus.  Stocks remained higher after the Nov ADP employment change came in close to expectations.

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