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Today's Market

Michael P. Reinking, CFA
Sr. Market Strategist

December 6, 2024 at 6:30 p.m. EDT

The final month of the year has gotten off to a mixed start. The S&P 500 closed higher by ~1%, its third consecutive weekly gain, closing at a new all-time high just shy of 6,100. It was a week of consolidation and rotation, but just as the expansion of breadth and rotation out of mega-cap tech became all the rage, that contingent has roared back to the top of the leader board. Meanwhile, small/mid cap indices and cyclical sectors which had been leading post election pulled back modestly amidst a round of economic data which suggests a moderation in activity and hiring.

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