Wall Street kicked off the Santa Rally season on a positive note, with all major indices and sectors closing higher in a shortened session ahead of the Christmas holidays.
The S&P 500 rose 1%, extending its gains for the third straight session following last week’s volatile Federal Reserve meeting.
The Dow Jones Industrial Average rose 0.9%, while the tech-heavy Nasdaq 100 gained 1.3%, nearly erasing last week’s losses.
Consumer discretionary stocks, the year’s top-performing sector, led the rally amid light trading volumes. Tesla Inc. (NASDAQ:TSLA) rose 7.35%, marking its biggest single-day performance since November.
Other notable S&P 500 performers included Walmart Inc. (NYSE:WMT), Starbucks Corp.. (NASDAQ:SBUX), and Netflix Inc. (NASDAQ:NFLX), 2.4%, 2.8% and 2.5% respectively.
The US dollar index posted modest gains, hovering near one-year highs against the euro. Treasury yields were steady, with the 10-year benchmark at 4.6%, the highest level since May.
In commodities, gold rose 0.4%, while oil prices rose 0.7%.
Risk appetite returned to the cryptocurrency market after recent volatility, as bitcoin (CRYPTO: BTC) jumped 4% to over $98,000. This rally boosted cryptocurrency-related stocks, including Microstrategy Inc. (NASDAQ: MSTR), MARA Digital Holdings Inc. (NASDAQ:MARA), and Coinbase Global Inc. (NASDAQ:COIN), all posting notable gains.
|
Main indices |
Price |
1 day % change |
|
Nasdaq 100 |
21,771.80 |
1.3% |
|
S&P 500 |
6,032.64 |
1.0% |
|
Russel 2000 |
2,254.99 |
0.8% |
|
Dow Jones |
43,239.42 |
0.8% |
Updated at 1:00 pm ET
According to data from Benzinga Pro:
-
He SPDR S&P 500 ETF Trust (NYSE:SPY) rose 1.1% to $601.01.
-
He SPDR Dow Jones Industrial Average (NYSE:DIA) rose 0.8% to $432.44.
-
heavy technology Invesco QQQ Trust Series (NASDAQ:QQQ) rose 1.3% to $529.94.
-
He iShares Russell 2000 ETF (NYSE:IWM) rose 1% to $223.46.
-
He Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) outperformed, up 2.3%; he Utilities Select Sector SPDR Fund (NYSE:XLU) lagged behind, up 0.5%.
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