Major US stock indices close with solid gains

The major US stock indices close was solid gains led by the NASDAQ index which had its largest percentage gain since May. The S&P index had its best days since October 13.

A snapshot of the closing levels shows:

• Dow industrial average rose 202.86 points or 0.44% at 46448.27
• S&P index rose 102.13 points or 1.55% at 6705.12.
• NASDAQ index rose 598.92 points or 2.69% at 22872.01.

Fed’s Mary Daly said she was in favor of a cut in December which helped the bias. Earlier today, Fed’s Waller also advocated for a cut.

Looking at some of the big winners today (>5%):

• Broadcom (AVGO): +11.10%

• Nebius NV (NBIS): +10.35%

• SoFi Technologies (SOFI): +8.63%

• Western Digital (WDC): +8.43%

• Micron (MU): +7.99%

• Robinhood Markets (HOOD): +7.15%

• Tesla (TSLA): +6.82%

• Alphabet A (GOOGL): +6.28%

• AMD (AMD): +5.53%

• Grayscale Bitcoin Trust (GBTC): +5.47%

• Lam Research (LRCX): +5.42%

• Alibaba ADR (BABA): +5.13%

• Shopify (SHOP): +5.12%

• Bitcoin Futures (BMC): +5.08%

• MicroStrategy (MSTR): +5.01%