The technology index rose 1%, which would be its best Christmas Eve performance since 2000, according to Dow Jones Market Data. The S&P 500, up 0.7%, was on track for its best Christmas Eve since 2011. The Dow Jones, up 0.4%, would mark its best holiday performance since 2022.
Tech stocks have been rising for much of the month as Wall Street appeared to favor big tech companies and chip stocks amid tough inflation data. The Roundhill Magnificent Seven ETF is up 1.6% today, while the iShares Semiconductor ETF is up 0.8%.