Overview
- U.S. indexes closed higher on Dec. 2, with the S&P 500 up 0.2%, the Dow up 0.4%, and the Nasdaq up 0.6% after Monday’s pullback.
- Big tech led the advance as names like Nvidia, Dell, and Intel climbed, while small caps lagged and energy stocks fell.
- Boeing surged about 10% after signaling higher 737 and 787 deliveries in 2026 and projecting a return to positive free cash flow next year.
- Bitcoin and Treasury markets stabilized following Monday’s slide linked to hawkish signals from the Bank of Japan, easing pressure on crypto-linked shares and yields.
- Futures imply a high‑80% probability of a Fed rate cut next week, with Friday’s PCE data in focus and reports indicating Kevin Hassett has emerged as a leading contender to succeed Jerome Powell.