Stock Indexes Push Higher on Strength in Chip Makers
The stock market indexes are on the rise today, with the S&P 500, Dow Jones, and Nasdaq all posting gains. The S&P 500 is up by +0.28%, the Dow Jones is up by +0.09%, and the Nasdaq 100 is up by +0.79%. Additionally, December E-mini S&P futures are up by +0.28%, and December E-mini Nasdaq futures are up by +0.81%.
The Nasdaq 100 has reached a 1.5-week high, driven by strength in chip stocks. Technology stocks are also performing well, with MongoDB up more than +24% after reporting strong Q3 earnings and Credo Technology Group Holding up more than +17% after beating revenue expectations. Boeing is also up more than +7% following positive remarks from CFO Malave regarding the company’s free cash flow projections for next year.
On the other hand, higher bond yields are limiting gains in stocks, with the 10-year T-note yield reaching a 1.5-week high of 4.11%. The OECD has kept its global 2025 GDP forecast unchanged at 3.2%, but raised its US and Eurozone GDP forecasts, citing strong investment in artificial intelligence and supportive fiscal and monetary policies.
Market focus this week will be on US economic news, including the Nov ADP employment change, Sep manufacturing production, Nov ISM services index, weekly unemployment claims, Sep personal spending and income, core PCE price index, and the University of Michigan’s Dec consumer sentiment index.
The markets are currently pricing in a 96% chance of another -25 bp rate cut at the next FOMC meeting. Q3 corporate earnings season is wrapping up with strong results, as 83% of reporting S&P 500 companies have exceeded forecasts.
Overseas stock markets are mixed, with the Euro Stoxx 50 reaching a 2-week high and China’s Shanghai Composite closing down. Interest rates are also on the move, with European government bond yields rising and the 10-year T-note yield climbing to 4.110%.
In terms of US stock movers, semiconductor stocks like Nvidia, Intel, and AMD are performing well, while energy producers like Valero Energy and Marathon Petroleum are seeing losses. Companies like MongoDB, Credo Technology Group Holding, Boeing, Six Flags Entertainment, Teradyne, Cloudflare, OneStream, Dexcom, and Symbotic are among the gainers and losers in the market today.
Earnings reports for December 2, 2025, include companies like Crowdstrike Holdings Inc, Gitlab Inc, Marvell Technology Inc, Okta Inc, and Pure Storage Inc. This information is for informational purposes only, and the original article can be found on Barchart.com.
