S&P 500 and Nasdaq Hit Closing and Trading Highs Monday | Wall Street Today

At 4:03 p.m. ET, the $S&P 500 Index (.SPX.US)$ was up 0.24% to 6,047 and the $Nasdaq Composite Index (.IXIC.US)$ was up 0.97% to 19,403. The $Dow Jones Industrial Average (.DJI.US)$ was off 0.29% to 44,782.

Waller said it still makes sense for policymakers to cut interest rates at the Dec. 17-18 meeting of the Federal Open Market Committee.

"Recent data have raised the possibility that progress on inflation may be stalling at a level meaningfully above 2%. This risk has raised concerns that the FOMC should consider holding the policy rate constant at our upcoming meeting to collect more information about the future path of inflation and the economy," Waller said.

$Crude Oil Futures(MAR5) (CLmain.US)$ remained near 68/barrel. MT Newswires cited analysts that pointed toward the incoming Thursday OPEC+ Meeting as a possible time for energy tension.

$Super Micro Computer (SMCI.US)$ climbed 29% intraday after news about its auditing and financial situation came out Monday. The data-center cooling tower firm said its Board of Directors formed a committee that has found no issues but recommended a new CFO. It was the top climbing percentage climber on the S&P 500.

$Intel (INTC.US)$ shares climbed nearly 6% intraday before falling back after news that it would remove its current CEO, Pat Gelsinger, after less than 4 years. Gelsinger came on in 2021 to turn around the U.S. chipmaking giant, but the firm lost market share to Nvidia, and attempts to take on TSMC by making more chips at home did not help. As a sign of how far the firm has fallen, INTC lost 50% this year, and the stock was removed from Dow Jones Intex. It would have been the top climber on the S&P 500

$Zscaler (ZS.US)$ Reported earnings Monday that came in above estimates, but the firm's forward-looking guidance did not break through estimates. Meeting forward-looking guidance estimates is insufficient for some cyber security, AI, or tech companies.

$CleanSpark (CLSK.US)$ reported quarterly losses of $(0.69) per share which missed the analyst consensus estimate of $(0.62). The company reported quarterly sales of $378.968, which missed the analyst consensus estimate of $397.318 million by 100.00 percent. Despite the results, the stock climbed after hours.

$Toast (TOST.US)$ fell 3.3% after a Goldman Sachs downgrade on the stock to neutral from buy.

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