U.S. stocks closed mixed, with the Nasdaq and S&P 500 hitting new closing highs

2024-12-07 05:01:53

U.S. stocks closed mixed, with the Dow Jones Industrial Average down 0.28%, the Nasdaq up 0.81%, and the S&P 500 up 0.25%. The Nasdaq and S&P 500 hit new closing highs. Tesla rose more than 5%, and Bank of America raised its 12-month target price for Tesla to $400 and maintained a buy rating, as it is optimistic about its development in FSD and artificial intelligence. Bitcoin returned to above $100,000, and cryptocurrency concept stocks strengthened. Canaan Technology rose 35%, Bit Digital rose more than 9%, and Coinbase rose more than 7%.

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