Stock Market Live Updates: Record highs as Nasdaq crosses 9,000

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4:00 p.m. ET: Record high close for the Dow, S&P and Nasdaq

Here were the main market moves, as of the close at 4:00 p.m. ET:

  • S&P 500 (^GSPC): 3,239.91, up 16.53 points or 0.51%

  • Dow (^DJI): 28,621.39, up 105.94 points or 0.37%

  • Nasdaq (^IXIC): 9,022.39, up 69.51 or 0.78%

  • Crude oil (CL=F): $61.27 per barrel, up $0.58 or 0.95%

  • Gold (GC=F): $1,516.00 per ounce, up $11.20 or 0.74%

11:26 a.m. ET: Nasdaq 9,000

The tech heavy index briefly crossed the 9,000 mark for the first time ever.

Meanwhile, the S&P 500 is also trading at a record high 3,235.

9:41: a.m. ET: S&P and Nasdaq set new record highs

The S&P 500 and Nasdaq set new intraday highs in early trading. The S&P 500 got as high as 3,231.05 and the Nasdaq touched 2,979.16.

9:30 a.m. ET: Stocks open higher

Stocks opened higher across the board Thursday and continued their strong run headed into year-end.

Here were the main market moves, as of 9:30 a.m. ET:

  • S&P 500 (^GSPC): +0.17%, or 5.36 points

  • Dow (^DJI): +0.11%, or 30.96 points

  • Nasdaq (^IXIC): +0.20%, or 18.23 points

  • Crude oil (CL=F): +0.26% to $61.27 per barrel

  • Gold (GC=F): +0.58% to $1,513.50 per ounce

8:38 a.m. ET: #TBT last year’s epic rebound

Last December came with a major market selloff that sent the S&P 500 down 20.0% from its Sept. 21, 2018 intraday high of 2940.91 to its Dec. 24, 2018 intraday low of 2351.1.

Dec. 26 was the beginning of a major market comeback with the Dow jumping 1,086 points, it’s biggest single-day point gain in history.

Read more about it in Yahoo Finance’s Morning Brief.

8:30 a.m. ET: Initial jobless claims fall

Weekly initial claims for unemployment insurance fell to 222,000, down from 235,000 a week ago. Economists were expecting the number to decline to 220,000.

Jobless claims fall. While claims are trending higher, they remain at historically low levels.
Jobless claims fall. While claims are trending higher, they remain at historically low levels.

8:10 a.m. ET: Futures point higher following reports of holiday spending growth

U.S. stock futures indicted a higher open across the major indices Thursday, as stocks continue their strong run headed into year-end.

Here were the main pre-market moves, as of 8:05 a.m. ET:

  • S&P futures (ES=F): +0.14%, or 4.50 points

  • Dow futures (YM=F): +0.10%, or 27 points

  • Nasdaq futures (NQ=F): +0.11%, or 9.75 points

  • Crude oil (CL=F): +0.11% to $61.18 per barrel

  • Gold (GC=F): +0.43% to $1,505.60 per ounce

With Christmas in the rearview mirror and the holiday shopping season drawing to a close, new data from Mastercard revealed total U.S. retail sales from Nov. 1 to Dec. 24 jumped 3.4% from the same period last year. Mastercard SpendingPulse tracks online and in-store purchases using all forms of payment. Shoppers preferred to use digital channels, with online sales surging 18.8% from last year and represented 14.6% of total sales. In-store sales rose a more modest 1.2%.