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24 December 2024 22:52  |

Dow Climbs 200 Points in Shortened Trading on Christmas Eve

Stocks rose Tuesday on Christmas Eve as the market sought to squeeze out back-to-back gains in the holiday week.

The S&P 500 added 0.7%, and the Dow Jones Industrial Average gained 200 points, or 0.5%. The Nasdaq Composite climbed nearly 1%, helped by a 4% jump in Tesla shares. Amazon and Nvidia gained more than 1% each.

American Airlines shares fluctuated after the carrier briefly grounded all flights in the U.S. due to a technical issue on one of the busiest travel days of the year.

Trading is expected to be thin this week. On Tuesday, the New York Stock Exchange closes early at 1 p.m. ET for Christmas Eve, while the bond market closes at 2 p.m. The market is also closed on Wednesday for Christmas Day.

The stock market began the holiday-shortened week on a positive note, aided by tech names and semiconductor stocks. The S&P 500 rose 0.7% and the Nasdaq Composite closed Monday about 1% higher. The 30-stock Dow also finished up nearly 0.2%.

Source : CNBC

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