Market close recap

Europe closed higher ▲ (Up)

• 🇩🇪

  DAX

  ^GDAXI

  26,267

  ▲ 1.73%

  Up
• 🇫🇷

  CAC 40

  ^FCHI

  8,233

  ▲ 1.16%

  Up
• 🇪🇺

  Euro Stoxx 50

  ^STOXX50E

  6,290

  ▲ 1.94%

  Up

Wall Street closed higher ▲ (Up)

• 🇺🇸

  Nasdaq 100

  ^NDX

  27,908

  ▲ 3.40%

  Up
• 🇺🇸

  S&P 500

  ^GSPC

  7,550

  ▲ 2.35%

  Up
• 🇺🇸

  Dow Jones

  ^DJI

  52,390

  ▲ 2.15%

  Up

1. 1.

   US stocks rallied broadly. The S&P 500 gained 2.35% to 7,549.94, the Nasdaq 100 rose 3.40% and the Dow added 2.15%. Gains spread beyond the large tech names.

   Source: marketwatch.com

2. 2.

   Asia and Europe rose with Wall Street. The Nikkei 225 gained 2.33% to 58,775.5 and the DAX rose 1.73%. The Hang Seng slipped 0.13%.

3. 3.

   Brent crude fell 6.26% to $92.17. Pump prices have eased below $4 a gallon in the US, though Thanksgiving fuel costs are still the highest since 2000.

   Source: marketwatch.com

4. 4.

   Nvidia shares fell after a CEO spy scandal. Analysts point to AMD and Broadcom as possible beneficiaries. Nvidia reports earnings on November 17.

   • $NVDA
   • $AMD
   • $AVGO

   Source: marketwatch.com

5. 5.

   Hot US inflation has kept a possible Fed rate hike on the table. The US 10-year Treasury yield held at 4.86%.

   Source: marketwatch.com