Soaring Nasdaq and S&P 500 Reach New Highs Amid Mixed Major Index Performance

## Major Index Performance- **Dow Jones Industrial Average (DJI):** Declined 0.2% or 76.47 points to close at 44,705.53 points[1].- **S&P 500:** Rose 0.05% or 2.73 points to end at 6,049.88 points, recording a new closing high[1].- **NASDAQ:** Gained 0.4% or 76.96 points to finish at 19,480.91 points, hitting a new all-time closing high[1].## Key Factors Driving Today's Market Direction- Investors awaited more jobs data, including the upcoming October jobs report on Friday[1].- The U.S. Job Openings and Labor Turnover Survey (JOLTS) report showed job openings increased to 7.74 million in October, and layoffs declined to a 15-month low[1].- Comments from Fed policymakers indicated inflation is on track to meet the Federal Reserve’s 2% target, though no clear inclination towards another interest rate cut in December was suggested[1].## Notable Sector Performance- **Top Gainers:** - Communication Services Select Sector SPDR (XLC) rose 0.8%[1]. - Technology Select Sector SPDR (XLK) gained 0.4%[1].- **Top Decliners:** - Nine of the 11 sectors of the S&P 500 ended in negative territory, though specific sector declines were not detailed[1].## Market Highlights- **Most Actively Traded Stocks:** Shares of Apple, Inc. (AAPL) jumped 2% to hit a new 52-week high[1].- **Biggest Percentage Gainers and Losers:** Not specified in the sources, but Apple's 2% gain was notable[1].- **Significant Market-Moving News Events:** - JOLTS report showing robust job openings and low layoffs[1]. - Fed policymakers' comments on inflation and potential rate cuts[1].## Technical Analysis- **Current Market Trend:** The market is generally bullish, with the S&P 500 and NASDAQ hitting new all-time highs, despite the Dow's slight decline[1].- **Key Support and Resistance Levels:** Not specified in the sources.- **Trading Volume Analysis:** Total trading volume was 12.70 billion shares, lower than the last 20-session average of 14.81 billion shares[1].- **VIX Movement and Implications:** The CBOE Volatility Index (VIX) was down 0.30% to 13.30, indicating reduced volatility[1].## Forward-Looking Elements- **Pre-Market Futures Indication:** Not available in the sources.- **Key Events to Watch for Tomorrow:** - Investors are awaiting a batch of economic data scheduled for release later this week, including the October jobs data on Friday[1].- **Important Upcoming Earnings Releases:** Not specified in the sources.- **Potential Market Catalysts:** - The Federal Reserve’s policy meeting on Dec. 17-18, with markets pricing in a 72% chance of a 25-basis point rate cut[1]. - Upcoming jobs report on Friday[1].This content was created in partnership and with the help of Artificial Intelligence AI