The S&P 500 rose 0.6% to close at a new record on Tuesday (December 24th), while the Nasdaq also rose 0.6% and the Dow Jones Industrial Average added 0.3%, as technology and energy stocks led broad gains. Large-cap stocks mostly rose, led by Nvidia's 3% gain, while Apple rose 0.5%, Microsoft edged up 0.4%, Alphabet added 1.4%, Amazon rose 1.6%, MetaTrader 5 rose 0.5%, and Broadcom rose 2.3%.
In contrast, the real estate and consumer staples sectors underperformed. Eli Lilly shares fell 0.5% despite the U.S. Food and Drug Administration (FDA) approving Novo Nordisk's weight-loss pill. Earlier in the trading session, markets were more cautious as investors digested strong economic data that reinforced expectations that the Fed would hold interest rates steady in January, while also raising questions about whether economic resilience could delay the resumption of rate cuts next year. A delayed report showed the U.S. economy grew by 4.3% annually in the third quarter, the fastest pace in two years. (alg)
Source: Trading Economics
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