CNBC Business News Update Market Close: Stocks Mixed, Nasdaq Closes At Record Above 20K For The First Time, Facebook & Instagram Down 12/11/24
Dec 11, 2024
Markets are buzzing with the NASDAQ hitting a historic high of 20,000. Major tech stocks like Google and Tesla are leading the charge. Inflation trends and their impact on consumer prices are under scrutiny, shedding light on economic shifts. Plus, get insights into upcoming economic reports that could shape the market's future.
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Market Overview
- Several mega-cap companies hit record highs, with Big Tech leading the surge.
- The NASDAQ reached 20,000 for the first time, while the Dow fell and the S&P 500 rose.
Elon Musk's Wealth Milestone
- As Tesla shares hit a record high, Elon Musk became the first $400 billion person.
- Tesla's stock has risen over 60% since Musk's post-election appearance with President-elect Trump.
Eagles and Private Equity
- The Philadelphia Eagles sold a stake to private equity, allowing the owner to withdraw cash.
- This practice, recently approved by the league, is becoming common among teams.