U.S. stocks rise as Tesla boosts S&P 500 despite tech declines

Most U.S. stocks rose on Wall Street on November 11, 2024, despite declines in Nvidia and other major tech companies. The S&P 500 gained 0.1%, while the Dow Jones increased by 0.7%, and the Nasdaq edged up 0.1%. Tesla's strong performance helped lift the S&P 500, along with gains in bank stocks and other popular trades linked to Donald Trump's recent presidential victory and the Federal Reserve's interest rate cut. Bitcoin also reached a new high, surpassing $86,000. Year-to-date, the S&P 500 is up 25.8%, the Dow has risen 17.5%, the Nasdaq is up 28.6%, and the Russell 2000 index of smaller companies has increased by 20.1%. Bond trading was closed for Veterans Day.