S&P 500, Nasdaq Nab 5 Straight As Tech Stocks Rally

The Dow barged into the holiday-shortened week with a 203-point gain, marking its sixth daily win in seven. Microsoft (MSFT) helped fuel today’s rally, after news that former OpenAI CEO Sam Altman will lead the company’s new artificial intelligence (AI) research team. Tech stocks rallied in response, helping the Nasdaq and S&P 500 register their fifth-straight gains. Wall Street’s focus is now turning to the Federal Reserve’s meeting minutes, due out tomorrow.Closing Index Summary November 202023NYSE and Nasdaq Stat November 202023Unusual Options Activity November 202023

Oil prices settled higher on Monday, as traders bet on the Organization of the Petroleum Exporting Countries and its allies (OPEC+) extending production cuts. December-dated West Texas Intermediate (WTI) rose $1.71, or 2.3%, to close at $77.60 a barrel on the day.Rising Treasury yields weighed on gold prices, which settled lower as waited Federal Reserve remarks. December-dated gold fell $4.60, or 0.2%, to close at $1,980.10 an ounce for the day.More By This Author:Tech, Energy Stocks Boost Broader Market Midday
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