A trader wearing a Trump hat works on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Nov. 6, 2024.
Bloomberg | Bloomberg | Getty Images
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Here’s what CNBC TV’s producers were watching as the major averages jumped to fresh all-time highs, and what’s on the radar for the next session.
The Trump rally
If you missed it the Russell 2000 picked up 5.84% on Wednesday, hitting a new 52-week high.The Dow Jones Industrial Average was up 3.57%, hitting a fresh all-time high.The Nasdaq Composite was up 2.95% Wednesday, posting a new record.The S&P 500 was up 2.53%, also hitting a new highWe’ll follow these market stories closely to see if the move higher can continue.
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The S&P 500 in 2024
Sector check
Financials were the biggest sector mover Wednesday, up 6.16%, hitting a new high.Industrials were up 3.93% Wednesday, hitting a new high.Energy was up 3.54% in the session. It’s now 4.28% from the April high.Real Estate fell 2.64% during trading. It’s now 5.6% from the high. Consumer Staples fell 1.5%. The sector is 5.76% from the September high.Utilities fell 1%. It’s now 5.72% from the mid-October high.Duke Energy reports Thursday morning. The stock is flat over the past three months, and it is 6.3% from the October high.
The transports
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ArcBest shares in 2024
Mortgage rates
CNBC TV’s Diana Olick will be tracking the numbers.The 10-year Treasury note yield rose to 4.43% Wednesday.The SPDR S&P Homebuilders ETF (XHB) is up more than 2% so far this week.Lennar fell 4.8% in the session. The stock is 13% from the September high.D.R. Horton dropped 3.8% Wednesday. The stock is 16.6% from the 52-week high.PulteGroup fell 3% during the day. The stock is 13.6% from the October high.KB Home fell 2.6%. The stock is 11% from the September high.Taylor Morrison dropped 1.44% Wednesday. The stock is 1.8% from the September high.
Lyft
The ride-sharing company reported Wednesday afternoon.CEO David Risher will be on “Squawk Box” in the 8 a.m. hour, Eastern.The stock is 31% higher over the past three months.Lyft is still 30% from the March high.
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Lyft in the past three months
Arm Holdings
The new chipmaker on the block, relatively speaking, reported quarterly earnings Wednesday afternoon.CEO Rene Haas will be on CNBC TV in the 10 a.m. hour.Arm is up roughly 28% in the past three monthsThe stock is 23% from the July high.
Hershey
The chocolate company is down 11% over the past three months.Hershey is 16.6% from the May high.
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Hershey shares in 2024
Carlyle Group
The global investment firm is up about 38% in the past three months.Carlyle hit a new high Wednesday.
Datadog
The cloud company reports Thursday before the bell.The stock is up around 22% in the past three months.Datadog is 7.4% from the February high.
Cloudflare
The company reports Thursday after the bell.Cloudflare is up 21% in three months.The stock is 20% from the February high.
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