The S&P 500 and Nasdaq 100 post second consecutive all-time closing highs
This is the 30th closing high for the benchmark index in 2025.
Despite trading sideways at the beginning of the session, the S&P 500 just barely eked out a new all-time closing high for the second consecutive day. This marks the longest winning streak for the benchmark index since July.
The Nasdaq 100 also climbed to a new highest close, while the Russell 2000 outperformed.
Stocks that moved higher:
Quantum computing stocks Rigetti Computing, D-Wave Quantum, IonQ , and Quantum Computing went gangbusters on little to no news.
Fair Isaac Corp. surged after announcing a new program to directly distribute FICO scores to customers, eliminating reliance on credit bureaus, which sent Equifax and TransUnion down.
Space stocks jumped, led by a surge in AST SpaceMobile after Bell Canada named the Texas-based satellite services provider as a partner for a new direct-to-cellular service it plans to offer next year.
Stellantis climbed after the Jeep maker posted a 6.4% jump in Q3 sales in the US, ending a string of quarterly declines in the region.
Nebius rose after a Bloomberg report shed more light on its near $20 billion deal to supply computing power to Microsoft. Nebius will utilize more than 100,000 of Nvidia’s flagship Blackwell chips in order to “provide computing power to internal teams creating large language models and a consumer AI assistant” for Microsoft.
Stocks that moved lower:
Tesla fell despite selling a record number of vehicles last quarter thanks to customers in the US racing to buy ahead of the expiration of the $7,500 federal tax credit for EVs.
Shares of EV maker Rivian dipped despite the company reporting better-than-expected Q3 sales.
Bloom Energy fell as Mizuho downgraded the stock to “neutral” from “outperform,” citing the firm’s internal constraints on growth.
Netflix slumped for the third straight day as Elon Musk continued to push for users to cancel their subscriptions to the streaming giant.
