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Stock Market Today: Wall Street Holds Near Breakeven Ahead of Christmas
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By Associated Press
Published 9 months ago on
December 24, 2024

U.S. stock indexes edge higher as Big Tech gains offset weakness in other sectors ahead of Christmas holiday. (AP/Peter Morgan)

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U.S. stock indexes edged higher in morning trading Tuesday, as gains for some Big Tech stocks made up for weakness elsewhere in the market.

The S&P 500 rose 0.4%. The Dow Jones Industrial Average was up 14 points, or 0.1%, as of 9:58 a.m. Eastern time. The tech-heavy Nasdaq composite was up 0.7%.

Gains in technology, financial and other sectors tempered a pullback by health care, energy and other stocks.

Chip company Broadcom rose 1.3%, while semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 1.2%.

American Airlines fell 1.2% after the airline briefly grounded flights nationwide due to a technical issue.

U.S. Steel slipped 0.5% a day after an influential government panel failed to reach consensus on the possible national security risks of the nearly $15 billion proposed sale to Nippon Steel of Japan.

Bond Yields and Global Markets

Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.62% from 4.59% late Monday.

European markets were mostly higher. Markets in Asia mostly gained ground.

Holiday Trading and Economic Reports

U.S. markets will close at 1 p.m. Eastern and stay closed Wednesday for Christmas.

Wall Street has several economic reports to look forward to this week, including a weekly update on unemployment benefits on Thursday.

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