1. Dow hits 24,000: The Dow Jones industrial average closed above 24,000 on Thursday, smashing yet another milestone. Reminder: The index first hit 23,000 barely a month ago.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -78.00 | | -48.25 | | -13.00 | | -0.32% | | -0.76% | | -0.49% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +94.07 | | +0.43 | | -34.67 | | 22,819.03 | | 3,317.62 | | 7,292.00 | | +0.41% | | +0.01% | | -0.47% | | | |
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| | | Biggest Winners | | Monsanto Co | +0.98% | | | | Newmont Mining Corp | +0.84% | | | | Wynn Resorts Ltd | +0.27% | | | | Kroger Co | +0.08% | | | Biggest Losers | | HanesBrands Inc | -6.65% | | | | Qualcomm Inc | -3.24% | | | | Micron Technology Inc | -2.67% | | | | Visa Inc | -2.00% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Dow at 24,000; Tax bill snag; OPEC deal | By Ivana Kottasová
Friday, December 1st, 4:50am | | | | 1. Dow hits 24,000: The Dow Jones industrial average closed above 24,000 on Thursday, smashing yet another milestone. | | | | Reminder: The index first hit 23,000 barely a month ago. | | | | The Dow has spiked nearly 6,000 points since President Trump was elected. It has notched 80 daily records over the period. | | | | The S&P 500 added 0.8% and the Nasdaq gained 0.7% on Thursday. Both are near record highs. | | | | Friday could be more restrained: U.S. stock futures were pointing lower. | | | | 2. Tax bill hurdle: The dollar is under pressure after U.S. tax reform hit a snag in the Senate. | | | | Senate Republicans had hoped their tax bill would easily win approval this week, but there are now concerns over its cost. | | | | Sen. Bob Corker, a Republican from Tennessee, has made clear that he will not vote for a tax bill that increases the deficit. | | | | The problem: A new analysis shows the bill would add more than $1 trillion to the federal budget deficit over the next decade. | | | | Republicans, who had been on track to pass the bill along party lines, are now considering whether to include future tax increases. | | | | 3. Oil up: U.S. crude futures were trading 0.5% higher at $57.70 per barrel. | | | | The gain comes after OPEC and other major oil producers including Russia agreed to extend their production cuts until the end of 2018. | | | | OPEC and its allies first agreed to slash output in late 2016, a response to oversupply and an oil price crash. | | | | There are signs that the global oil glut is now shrinking. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 4. Global market overview: European markets opened lower, while Asian markets ended the session mixed. | | | | Bitcoin continued its wild ride, swinging as high as $10,050 and as low as $9,400. | | | | Gold reversed some of its weekly losses, edging 0.2% higher. | | | | 5. Earnings and economics: Big Lots will release earnings before the U.S. open. | | | | The Institute for Supply Management will publish its November index at 10:00 a.m. ET. | | | | Canada will release third quarter GDP and November unemployment data at 8:30 a.m. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | | Friday -- Institute for Supply Management index; Auto sales data; Canada GDP and unemployment data | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $57.73 | +0.33 / +0.57% | | | Gold | $1,279.90 | +3.20 / +0.25% | | | 10-yr | 2.42% | +0.04 / +1.73% | | | Euro | $1.19 | +0.00 / +0.02% | | | |
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