The Nuveen Core Equity Alpha Fund (JCE) saw positive movement today, driven by a combination of strong performance in U.S. equities and favorable economic indicators. The S&P 500 and Nasdaq 100 both posted gains, with the S&P 500 rising by 0.7% and the Nasdaq 100 climbing 1%. This upward momentum in the broader market was supported by robust U.S. economic data, including a rebound in core capital goods orders, which surged 0.7% in November, indicating strong business investment. Additionally, new home sales jumped 5.9%, reflecting resilience in the housing market despite rising mortgage rates. These factors contributed to a positive sentiment in the equity markets, benefiting funds like JCE that are tied to core equity performance.
The Nuveen Core Equity Alpha Fund (JCE) closed at $15.54, marking a 0.32% increase from the previous close.