US stock market closed positive, S&P 500 and Nasdaq hit record highs

US stock market closed positive, S&P 500 and Nasdaq hit record highs On Tuesday, American stock indices finished trading with growth, while the S&P 500 and Nasdaq hit record highs.

The Dow Jones Industrial Average rose by 185.28 points (0.63%) and amounted to 29823.92 points. Standard & Poor's 500 rose by 40.82 points (1.13%) - to 3662.45 points. Nasdaq Composite added 156.37 points (1.28%) to 12,335.11 points.

On Monday, the US stock market ended trading in the red: the Dow Jones index fell 0.91%, S&P 500 - by 0.46%, Nasdaq - by 0.06%. However, according to the results of the past month, the Dow Jones and S&P 500 saw the highest percentage growth in November since 1928.

Market jump in November was mainly driven by optimism about COVID-19 vaccine development.

Tesla (NASDAQ: TSLA) Inc. yesterday rose 3% after S&P Dow Jones Indices Announces Electric Vehicle Maker Shares To Be Included In S Index&P 500 in whole on December 21st, not in parts.

BlackBerry Ltd. grew by 19.3%. Canadian software manufacturer and "cloudy" Amazon Web Services, owned by Amazon.com Inc (NASDAQ: AMZN)., have agreed to cooperate to create "smart" BlackBerry car platforms.

AdaptHealth Corp. jumped 18.8%. US home medical equipment company buys AeroCare Holdings Inc., which distributes it, for more than $ 2 billion.

Zoom Video Communications Inc. Quotes declined 15.1%, despite the fact that the remote conferencing company once again posted a record quarterly revenue and again raised its forecast for the current fiscal year.

The market was supported yesterday by hopes for the adoption of new fiscal stimulus in the US after a group of congressmen from both parties proposed a new package of $ 900 billion, MarketWatch writes..

Federal Reserve Chairman Jerome Powell and Treasury Secretary Stephen Mnuchin, who spoke to the Senate Banking Committee on Tuesday, expressed support for the proposal. However, Senate Majority Leader Mitch McConnell rejected the new proposal, favoring a smaller package..

Meanwhile, the index of business activity in the US manufacturing sector (ISM Manufacturing) in November 2020 fell to 57.5 points from 59.3 points in October, according to data released on Tuesday by the Institute for Supply Management (ISM). A month earlier, the value of the indicator was at its highest level since August 2018. Analysts on average expected the index to decline to 58 points, Trading Economics reports.

The final value of the purchasing managers index (PMI) in the industrial sector, calculated by IHS Markit, was 56.7 points last month, which is the highest since September 2014, up from 53.4 points a month earlier..