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cover of episode Mega-Cap Rebound Fuels Rally to New Record Highs

Mega-Cap Rebound Fuels Rally to New Record Highs

2024/11/26
logo of podcast Schwab Market Update Audio

Schwab Market Update Audio

Chapters

The market saw a mega-cap rebound leading to new record highs, driven by hopes for another Federal Reserve cut and the revival of major U.S. companies.
  • Wall Street posted its seventh straight winning session and new all-time highs.
  • Major U.S. companies like Apple, Meta Platforms, Alphabet, and Microsoft rebounded after a few sessions of underperformance.
  • The market's strength was partly attributed to reduced fear among investors.

Shownotes Transcript

Though the broad rally flagged and declining shares outnumbered advancers by midday, a mega-cap rebound led major indexes to new highs. Key inflation data is due early tomorrow.

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