S&P 500 closes above 5,000 for first time, rises for fifth straight week
The S&P 500 closed above 5,000 for the first time, rising for the fifth straight week. The Nasdaq Composite Index rose 1.25 per cent to close at 15,990.66, while the Dow Jones Industrial Average fell 54.64 points to close at 38,671.69.
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After the sharp decline in tech stocks, the White House suddenly canceled the top tech advisor meeting the following day.
The White House has canceled the previously scheduled President’s Council of Advisors on Science and Technology meeting, which was set for Friday and includes prominent tech leaders such as Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg. The Department of Energy's meeting page briefly listed November 13 as the new meeting date, but the agency later sent an email retracting this information. Currently, the specific date for rescheduling the meeting remains unclear.
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