Stock Market Update for December 23, 2024

On December 23, 2024, stocks finished higher on Wall Street as traders kicked off a holiday-shortened trading week.

The S&P 500 index rose by 0.7%, gaining 43.22 points to reach 5,974.07. This gain was bolstered by strong performances from major technology companies, including chipmakers Nvidia and Broadcom.

The Dow Jones Industrial Average increased by 0.2%, up 66.69 points to 42,906.95. Meanwhile, the Nasdaq composite showed even stronger growth, climbing 1% with a gain of 192.29 points to end the day at 19,764.89.

Honda's shares, listed on U.S. exchanges, surged after news broke that the company was engaging in talks regarding a potential merger or combination with Nissan, a deal that might also encompass Mitsubishi Motors.

Additionally, shares of Eli Lilly rose after they announced that regulators had approved Zepbound, marking it as the first prescription medication available for adults suffering from sleep apnea.

In the bond market, treasury yields experienced an uptick.

The performance of the indexes on this day was as follows:

• S&P 500: +43.22 points (+0.7%) to 5,974.07
• Dow Jones: +66.69 points (+0.2%) to 42,906.95
• Nasdaq: +192.29 points (+1%) to 19,764.89
• Russell 2000: -4.93 points (-0.2%) to 2,237.44

As for year-to-date performances, the figures are as follows:

• S&P 500: +1,204.24 points (+25.2%)
• Dow: +5,217.41 points (+13.8%)
• Nasdaq: +4,753.53 points (+31.7%)
• Russell 2000: +210.36 points (+10.4%)

This summary reflects a positive outlook for the stock market as we approach the holiday season.

Stocks, Market, Technology