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) rose 7.35%, marking its strongest single-day performance since November.
Other standout performers are included in the S&P 500 Index Walmart Inc (NYSE: WMT), Starbucks Corporation. (Nasdaq: SBUX), and Netflix company (NASDAQ:NFLX), up 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 (CRYPTO:BTC) 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:COIN), all posted 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 (NYSE:SPY) shares rose 1.1% to $601.01.
-
the SPDR Dow Jones Industrial Average (NYSE:DIA) stock rose 0.8% to $432.44.
-
Heavy technology Invesco QQQ Trust Series (NASDAQ:QQQ) rose 1.3% to $529.94.
-
the iShares Russell 2000 ETF (NYSE:IWM) rose 1% to $223.46.
-
the Consumer Discretionary Sector SPDR Fund (NYSE:XLY) outperformed by 2.3%; the Utilities Select Sector SPDR Fund (NYSE:XLU) fell by 0.5%.
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