Major US Stock Indexes Rise Ahead of Christmas

On December 24, 2024, stocks closed higher on Wall Street as the market celebrated the Christmas holiday. The S&P 500 increased by 1.1%, marking another positive day for investors. Trading ended earlier than usual to accommodate the festive season.

Major contributions to this upward movement came from prominent tech companies. Notably, Apple, Amazon, and chip manufacturer Broadcom helped to boost the market.

The Dow Jones Industrial Average saw a gain of 0.9%, while the Nasdaq composite led with a rise of 1.3%. In particular, American Airlines overcame an initial setback, where it briefly grounded flights across the nation due to a technical issue, and ended the day mostly higher.

Treasury yields remained stable in the bond market, signaling no immediate concerns for investors.

Market Performance on Tuesday

On this particular trading day:

• The S&P 500 rose 65.97 points, or 1.1%, closing at 6,040.04.
• The Dow Jones Industrial Average climbed 390.08 points, or 0.9%, reaching 43,297.03.
• The Nasdaq composite increased by 266.24 points, or 1.3%, finishing at 20,031.13.
• The Russell 2000 index, which tracks smaller companies, gained 22.42 points, or 1%, closing at 2,259.85.

Week and Year-to-Date Summary

In reviewing performance for the week leading up to the holiday:

• The S&P 500 is up 109.19 points, or 1.8%.
• The Dow has risen by 456.77 points, or 1.1%.
• The Nasdaq has increased by 458.53 points, or 2.3%.
• The Russell 2000 has grown by 17.48 points, or 0.8%.

For the entire year, the results are impressive:

• The S&P 500 shows a remarkable increase of 1,270.21 points, or 26.3%.
• The Dow has risen by 5,607.49 points, or 14.9%.
• The Nasdaq boasts an increase of 5,019.77 points, or 33.4%.
• The Russell 2000 has gained 232.78 points, or 11.5%.

Stocks, Market, Performance