Stock market today: S&P 500, Nasdaq clinched closing records again; Powell eyed

Investing.com-- The S&P 500 and Nasdaq clinched closing record highs for second-straight day Tuesday, ahead of a speech from Federal Reserve Chairman Jerome Powell and monthly jobs data due later this week.U.S. job openings, a gauge of labor demand, rose in October to 7.7 million, up from 7.4M in September, topping economists estimates of 7.5M.

Several Fed members have continued to stress the importance of monitoring incoming economic data to gauge the pace of rate cuts. While markets have so far maintained expectations for a December rate cut, the longer-term outlook is more uncertain, especially on the prospect of inflationary policies under a Trump administration.) fell more than 1% after a Delaware court upheld its decision to invalidate Elon Musk’s $56 billion compensation package.

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