Tech Stocks Lead the Way as Nasdaq Closes at New All-Time High

The New York Stock Exchange witnessed a mostly positive trading session on Wednesday, with the Nasdaq 100 leading the gains driven by a surge in the tech sector. This rally was further fueled by November's consumer inflation data, which aligned with analysts' expectations, potentially signaling a rate cut by the Federal Reserve before the year's end.

On the earnings front, Adobe Inc. is set to report its quarterly results after the closing bell on Wall Street today. The S&P 500 jumped 0.82%, and the Nasdaq 100 skyrocketed 1.85%, with Broadcom Inc. climbing 6.63%. However, the Dow Jones Industrial Average slipped 0.22% as UnitedHealth Group Inc. fell 5.60%. Meanwhile, the euro declined 0.31% against the dollar, selling at 1.04934 at 3:59 pm ET.