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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 high
- We’ll follow these market stories closely to see if the move higher can continue.
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
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
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 months
- The 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.
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.