US STOCKS-Nasdaq hits record high, S&P 500 ends lower
Article summary
For a Reuters live blog on U.S. , UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Boeing jumps on Ryanair’s 737 MAX jet orders * Jobless claims fall after rising for two straight weeks * Goldman Sachs raises Tesla to “buy”(Updates with close) By Noel Randewich Dec 3 (Reuters) – The Nasdaq Composite Index closed at a record high on Thursday, lifted by Tesla Inc, while the S&P 500 fell after a report that Pfizer Inc had slashed the target for the rollout of its COVID-19 vaccine. Tesla surged 5% after Goldman Sachs upgraded the stock to “buy” in the run-up to the electric car maker’s addition to the S&P 500 index. Tesla was Wall Street’s most traded stock by value, with about $25 billion worth of shares exchanged, according to Refinitiv data, more than double Boeing, in second place. […] The S&P 500 posted 34 new 52-week highs and no new lows; the Nasdaq Composite recorded 174 new highs and seven new lows. Additional reporting by Shriya Ramakrishnan and Medha Singh in Bengaluru; Additional reporting by Caroline Valetkevitch in New York; Editing by Richard Chang)
