Wall Street experienced a positive trading day as stocks climbed in anticipation of the Christmas holiday, with significant contributions from major technology firms. On Tuesday, the S&P 500 index saw an increase of 1.1%. The trading session concluded early in light of the upcoming holiday. Notable tech giants such as Apple, Amazon, and Broadcom played pivotal roles in driving the market upward. The Dow Jones Industrial Average increased by 0.9%, while the Nasdaq composite surged by 1.3%. In a separate development, American Airlines, which initially faced a setback with a nationwide flight grounding due to a technical complication, managed to recover and close the trading day mostly on a positive note. Meanwhile, Treasury yields remained stable in the bond market.
On Tuesday’s figures:
The S&P 500 gained 65.97 points, marking a rise of 1.1%, closing at 4,040.04.
The Dow Jones Industrial Average rose by 390.08 points, or 0.9%, reaching 33,297.03.
The Nasdaq composite enjoyed a jump of 266.24 points, indicating a 1.3% increase, finishing at 20,031.13.
The Russell 2000 index, which represents smaller companies, gained 22.42 points, translating to a 1% rise, closing at 2,259.85.
Looking at the performance over the week:
The S&P 500 has reported a total gain of 109.19 points, equivalent to 1.8%.
The Dow has improved by 456.77 points, reflecting a 1.1% increase.
The Nasdaq has shown a significant rise of 458.53 points, or 2.3%.
The Russell 2000 index has seen a modest rise of 17.48 points, about 0.8%.
When considering the yearly performance:
The S&P 500 has soared by 1,270.21 points, which is an impressive 26.3% increase.
The Dow has gained 5,607.49 points, translating to a 14.9% rise.
The Nasdaq composite has surged by 5,019.77 points, a remarkable 33.4% increase.
Finally, the Russell 2000 index has increased by 232.78 points, equating to an 11.5% rise.