Stocks rise, Tesla rises, and Bitcoin hits $98,000
Wall Street started the Santa Rally season on a positive note, with all major indices and sectors closing higher in the upcoming shortened session. From the Christmas holidays.
The S&P 500 rose 1%, extending gains for a third straight session after a volatile Federal Reserve meeting last week.
The Dow Jones Industrial Average rose 0.9%, while the Nasdaq 100 rose 1.3%, nearly erasing last week’s losses.
Consumer discretionary stocks, the best-performing sector this year, led the rise on light trading volume. Tesla company (Nasdaq:TSLA) by 7.35%, recording its strongest performance in one day since November.
Other standout performers are included in the S&P 500 Index Walmart Inc (New York Stock Exchange:And die), Starbucks Corporation. (Nasdaq:SBUX), and Netflix company (Nasdaq:NFLXAt rates of 2.4%, 2.8%, and 2.5%, respectively.
The US dollar index posted modest gains, with the greenback hovering near one-year highs against the euro. Treasury yields remained stable, with the benchmark 10-year yield at 4.6%, the highest level since May.
In commodities, gold rose by 0.4%, while oil prices rose by 0.7%.
Risk appetite has returned to the cryptocurrency market after recent volatility Bitcoin (encryption: Bitcoin) jumped 4% to more than $98,000. This rise supported crypto-related stocks, including MicroStrategy Corporation (Nasdaq:MSTR), Mara Digital Holding Company (Nasdaq:Mara), and Coinbase International Company (Nasdaq:currency), all posting notable gains.
|
Key indicators |
price |
1 day %chg |
|
Nasdaq 100 |
21,771.80 |
1.3% |
|
Standard & Poor’s 500 |
6,032.64 |
1.0% |
|
Russell 2000 |
2,254.99 |
0.8% |
|
Dow Jones |
43,239.42 |
0.8% |
Updated at 1:00 PM ET
according to Benzinga Pro Data:
-
the SPDR S&P 500 ETF (New York Stock Exchange:spy) by 1.1% to $601.01.
-
the SPDR Dow Jones Industrial Average (New York Stock Exchange:Doha International Airport) by 0.8% to $432.44.
-
Heavy technology Invesco QQQ Trust Series (Nasdaq:QQQ) rose 1.3% to $529.94.
-
the iShares Russell 2000 ETF (New York Stock Exchange:IWM) by 1% to $223.46.
-
the Consumer Discretionary Sector SPDR Fund (New York Stock Exchange:XLY) Outperformed by 2.3%; the Utilities Select Sector SPDR Fund (New York Stock Exchange:XLU) lagged, up 0.5%.
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2024-12-24 21:14:00
