The S&P 500 rose for the fourth-consecutive session, closing at a new all-time high. The Nasdaq 100 also rose as Big Tech gained, but the Russell 2000 dropped.
The delayed Q3 GDP report blew past analysts' expectations, showing that the US economy grew at the fastest pace since Q3 2023. Stocks initially faltered on fears that strong economic growth could impact the Fed’s easing path in 2026 as odds of a January rate cut dipped*, but the benchmark index quickly bounced back.
Today’s big mover was Novo Nordisk, whose stock surged after the FDA approved its GLP-1 obesity pill.
*Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.
