Tech Leads Nasdaq and S&P 500 to New Highs

Written By Timmy Adami

December 4, 2024

MRKT Matrix - Wednesday, December 4th

  • S&P 500 and Nasdaq rise to fresh record highs as tech shares jump (CNBC)

  • Fed’s Powell Expects Good Relations With Trump Administration (Bloomberg)

  • GM Sees $5 Billion Hit to Restructure Troubled China Business (Bloomberg)

  • Amazon Announces Supercomputer, New Server Powered by Homegrown AI Chips (WSJ)

  • Apple Scratches Amazon’s Back (The Information)

  • Apple Hits Snag Adapting Baidu’s AI Models for China Users (The Information)

  • The Furious Contest to Unseat Nvidia as King of A.I. Chips (The New York Times)

  • Meta Seeks New Nuclear Reactors to Run US Data Centers (Bloomberg)

  • Lilly’s Zepbound Beats Novo’s Wegovy in Head-to-Head Trial (Bloomberg)

  • French Far Right Joins Forces With Left to Topple Government (Bloomberg)

  • South Korean Turmoil Strikes at Heart of US Alliances in Asia (Bloomberg)

  • Saudi Arabia Is Losing Its Iron Grip on Global Oil Markets (WSJ)

Timmy Adami
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