U.S. STOCKS MARKET CLIMB

U.S. stock markets climbed on Tuesday, with the S&P 500 closing at a record high of 6,909.79—just shy of its all-time intraday peak—as gains in Big Tech, led by NVIDIA (+3%) and Amazon (+1.6%), outweighed losses in consumer staples like McDonald’s (-1.7%) and Walmart (-1.5%). The Nasdaq rose 0.57% to 23,561.84, and the Dow advanced 0.16% to 48,442.41, buoyed by a stronger-than-expected 4.3% annualized GDP growth in Q3—the fastest in two years. Precious metals surged to new intraday highs, with gold futures peaking at $4,530.80/oz and silver at $71.795/oz, likely reflecting inflation concerns, while most cryptocurrencies dipped slightly, possibly due to tax-loss harvesting ahead of year-end. Among the “Magnificent Seven,” only Tesla fell (-0.7%), while Novo Nordisk jumped 7.3% on FDA approval of a pill version of its Wegovy weight-loss drug. Meanwhile, space, quantum computing, and crypto-linked stocks retreated after recent rallies.

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