Live Nasdaq Composite: Markets Hold Ground in Tech’s Whipsaw Month
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Citi's Catalyst List
Citi analysts reportedly believe the following stocks have runway for gains in the near term:
Retailer Kohl’s (NYSE: KSS), which is trading flat today.
Energy stock Sunoco (NYSE: SUN), which is up fractionally today.
Satellite stock EchoStar (Nasdaq: SATS), which is gaining 2.7% today.
The Nasdaq Composite is now up 0.38% on the day.
Gold Bulls
A Goldman Sachs poll revealed that investors are bullish on gold, with over one-third of survey participants predicting the price of the precious metal will reach $5,000 per ounce by year-end 2026. Gold has been hovering near fresh all-time highs of late amid a round of central bank buying and currently sits at approximately $4,235 per ounce.
The SPDR gold shares index is currently trading at $386 up 0.87% and has climbed as high as $400 this year.
Monthly Performance
For the month of November, the Nasdaq Composite is headed for a 1.3% decline ; the S&P 500 is relatively flat; and the Dow Jones Industrial Average has managed a 0.13% increase. Nvidia (Nasdaq: NVDA) stock has shaved off 12.4% of its value in the month of November alone but remains up 32% year-to-date.
This article will be updated throughout the day, so check back often for more daily updates.
The markets are holding their ground in today’s holiday shortened session, with all three of the major stock market indices seeing green. Technology stocks are buoying the Nasdaq Composite to a fractional gain, while the Dow Jones Industrial Average and S&P 500 are following its lead. Despite its best efforts, the Nasdaq Composite has taken a step backward for the month, falling approximately 1.1% in November as the AI trade navigated some shifting terrain.
Earlier this morning, trading in stock market futures, foreign exchange and commodities was temporarily halted, owing to a “cooling issue” that wreaked havoc at the CME’s data center that is controlled by CyrusOne.
Here’s a look at where things stand as of morning trading:
Dow Jones Industrial Average: 47,497.98 Up 70.86 (+0.15%)
Nasdaq Composite: 23,314.46 Up 99.84 (+0.43%)
S&P 500: 6,829.50 Up 16.89 (+0.24%)
Market Movers
SanDisk (Nasdaq: SNDK | SNDK Price Prediction) is retaking lost ground, rising 6.2% on the day after falling eerily close to the $200 level earlier this week.
Micron Technology (Nasdaq: MU) is on the comeback trail, rising 3% and inching closer to the $240 level as AI chip companies stay volatile.
Digital asset trading platform Coinbase (Nasdaq: COIN) is tacking on nearly 4% in today’s session as the bitcoin price gains upward momentum.
Chip stalwart Intel (Nasdaq: INTC) is up nearly 5% today and is on pace for a whopping 92% year-to-date gain.
As retailers gear up for the holiday shopping season, Lululemon (Nasdaq: LULU) is riding the wave for a 1.6% increase.
Oracle (Nasdaq: ORCL), which is behind an AI data platform, is losing 2.2% today after Morgan Stanley analysts warned of excessive debt on the balance sheet.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
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