Stock Market Today With IBD Nasdaq Leads Stock Market Rebound; Snowflake, Acuity Brands, TSMC In Focus
Dec 2, 2025
Rachel Fox and Ken Shreve dive into the day's market highlights, spotlighting the NASDAQ's leadership and a Bitcoin rebound. They analyze tech earnings that are boosting NASDAQ gains and discuss the mixed performances within semiconductor stocks. Snowflake's upcoming earnings generate excitement, and Acuity Brands shows promise with a flat base setup. Taiwan Semiconductor's position is evaluated, emphasizing AI exposure and the need for increased volume. The hosts underscore cautious market positioning while keeping an eye on positive trends.
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NASDAQ Leadership And Divergent Index Action
- The NASDAQ led gains as tech and database software strength lifted the market and Bitcoin rebounded.
- The S&P 500 lagged intraday and closed in the lower half of its range despite overall market strength.
Earnings Fueled Tech Rally
- Tech earnings and positive sentiment fueled NASDAQ outperformance and lifted semiconductor-related names.
- The market has rallied since November 20 and indexes are now trading near all-time highs and above moving averages.
Mixed Strength Within Chip Sector
- Semiconductor stocks showed mixed action: many chip-equipment names held strong while select large chips reversed.
- Weekly support at 10-week moving averages helped some names like LRCX perform well amid a mixed group.