Tech stocks rise, Apple hits all-time high, dollar rises, bitcoin falls to $95,000: what's driving the markets on Monday?
Technology companies and semiconductor mega-stocks drove the Nasdaq 100 index up 1.1% to an all-time high of 21,180 points. Apple shares #rose 1% to an all-time high ahead of a strong year-end selling season.
Wall Street had a mixed start to the week and the last month of the year, as growth in technology companies clashed with general market weakness. Technology companies and semiconductor mega-stocks led the gains, with the Nasdaq 100 Index rebounding to an all-time high of 21,180 points set on Nov. 11, 2024.
Apple AAPL shares rose 1 percent Monday to an all-time high as investors bet on strong holiday season sales for the Cupertino-based tech giant.
However, weakness was evident outside of the growth sectors. All sectors fell except technology, telecom services and consumer discretionary, and market movements were scattered.
The ISM manufacturing PMI beat expectations but remained in contractionary territory for the eighth consecutive month.
The dollar gained 0.8% against the euro amid rising fiscal and political risks in France. Meanwhile, the gold price fell 0.6% to close at $ 2,635 per ounce.
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