The NASDAQ Composite keeps powering ahead like a juggernaut, but the S&P 500 stole the spotlight by nestling up to 4,500 - its first time since September.

Technology is leading this afternoon.  Microsoft (MSFT) hit a new 52-week high and is among the best performing stocks in the sector after the company announced it has hired former OpenAI CEO Sam Altman.

Leading economic indicators remained deep in the red in October -0.8% vs. consensus -0.7%, continuing a string of declines since mid-2022.

There was a solid 20-year bond auction at $16 billion at a high yield of 4.780%, showing good demand, causing equities to move higher and rates lower.