The Dow Jones (DJIA) is trading in the red on the first day of December and is on track to snap a five-day streak of gains.

Small caps nearly hit all-time highs as the major indexes paused. Eli Lilly is at a key level while Robinhood led new buys.

The S&P 500 closed near its Oct. 28 record, buoyed by optimism that the Federal Reserve could cut interest rates next month.

As the market approaches year-end, the Dow now sits just 1.1% below its all-time high of 48,431.57, set on November 12.

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