Elizabeth Evans, managing partner at Evans May Wealth, explains why AI stocks will drive the market higher in 2025 on “How to Make Money.”
U.S. stocks continued to rise on Wednesday, with the Dow Jones Industrial Average hitting a new all-time high on pace for the 47th time this year.
The S&P 500 and Nasdaq Composite were down slightly, but up more than 19% and 26%, respectively.
Among the 30 Dow Jones Industrials, Travelers, United Health and Walgreens continued to rise, while Salesforce.com, Intel and Microsoft lagged.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| TRV | Travelers Company Co., Ltd. | 267.39 | +3.56 |
+1.35% |
| UNH | United Health Group Co., Ltd. | 615.11 | +8.79 |
+1.45% |
| W.B.A. | Walgreens Boots Alliance, Inc. | 8.93 | +0.20 |
+2.29% |
| CRM | Salesforce Co., Ltd. | 331.84 | -11.37 |
-3.31% |
| INTC | Intel Corporation | 23.29 | -0.77 |
-3.18% |
| MSFT | Microsoft Corporation | 423.85 | -4.14 |
-0.97% |
Economists more optimistic, at least hoping for extension of Trump tax cuts
Financial markets will be closed on Thanksgiving Day and will resume trading on Black Friday with shortened trading hours.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| Me: DJI | Dow Jones Average | 44877.92 | +17.61 |
+0.04% |
| SP500 | S&P500 | 5997.35 | -24.28 |
-0.40% |
| I:Comp | Nasdaq Composite Index | 18988.220898 | -187.36 |
-0.98% |
New data released Wednesday showed inflation remains on pace to exceed the 2% target by Federal Reserve policymakers. The Federal Reserve's preferred inflation measure, the Personal Consumption Expenditure Index, rose an annualized 2.3% in October, in line with expectations.
The Dow Jones Industrial Average has risen more than 19% this year and is approaching a new milestone of $45,000. The index has risen nearly 7% since President-elect Trump won the election.
Dow Jones Industrial Average
As President Trump continues to assemble his cabinet, investors are keeping an eye on the pro-business administration that will take office in January 2025.
On Tuesday, he named Kevin Hassett, an economist who served in President Trump's first term, to head the National Economic Council. Last week, he nominated fund manager Scott Bessent as Treasury secretary.
Scott Bessent speaks at the National Conservative Party Conference on Wednesday, July 10, 2024, in Washington, DC. (Dominic Gwynne/Middle East Images/AFP via Getty Images/Getty Images)
Bessent said he would seek to make the 2017 Tax Cuts and Jobs Act permanent.
Meanwhile, Cantor Fitzgerald CEO Howard Lutnick was nominated to head the Department of Commerce.
