✎ Contributed by Ty Griffin
On December 26, 2024, U.S. stock markets exhibited varied performances as trading resumed after the Christmas holiday.
Market Indices Performance
- Dow Jones Industrial Average: Increased by 0.18%, reflecting modest gains across multiple sectors.
- S&P 500: Rose by 0.09%, indicating slight upward movement among large-cap companies.
- Nasdaq Composite: Decreased by 0.12%, led by declines in select technology stocks.
Notable Stock Movements
- Apple Inc. (NASDAQ: AAPL): Shares closed at $259.24, up 0.40%, following reports of strong holiday sales.
- Microsoft Corporation (NASDAQ: MSFT): Ended the day at $439.35, a marginal increase of 0.005%, amid positive developments in cloud services.
- Tesla Inc. (NASDAQ: TSLA): Shares declined to $454.78, down 1.62%, after news of potential production delays.
- NVIDIA Corporation (NASDAQ: NVDA): Closed at $140.17, a slight decrease of 0.04%, as investors assessed demand forecasts for AI chips.
Economic Indicators
- Unemployment Claims: The latest report showed a decrease to 219,000, suggesting continued strength in the labor market.
- Consumer Confidence: Remained steady, indicating sustained consumer optimism during the holiday season.
Analyst Insight
“The mixed movements in the stock market reflect a balance between positive economic indicators and sector-specific challenges. Investors are cautiously optimistic as the year-end approaches,” noted Laura Simmons, a market analyst at Morgan Stanley.
Outlook
As the final trading days of 2024 unfold, market participants will closely monitor economic data releases and corporate earnings reports to gauge the market’s direction heading into the new year.
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