U.S. stock indexes edge higher as Big Tech gains offset weakness in other sectors ahead of Christmas holiday. (AP/Peter Morgan)
Share
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.
Related Story: Stock Market Today: Honda-Nissan Merger Talks Shake up Otherwise Quiet on Wall ...
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.
RELATED TOPICS:
Oil Dips Ahead of Expected OPEC+ Output Increase
20 hours ago
613 Killed at Gaza Aid Distribution Sites, Near Humanitarian Covoys, Says UN
20 hours ago
Fresno County Authorities Investigating Suspicious Death of Transient Man
20 hours ago
Israeli Military Kills 20 in Gaza as Trump Awaits Hamas Reply to Truce Proposal
20 hours ago
Valley Crime Stoppers’ Most Wanted Person of the Day: Rachelle Maria Blanco
20 hours ago
Russia Pounds Kyiv With Largest Drone Attack, Hours After Trump-Putin Call
20 hours ago
Markets’ 90-Day Tariff Pause Rollercoaster Nears an Uncertain End
20 hours ago
Trump to Sign Tax-Cut and Spending Bill in July 4 Ceremony
19 hours ago
Categories

Trump to Sign Tax-Cut and Spending Bill in July 4 Ceremony

Clovis, Sanger, Madera, and Bass Lake Will Light the Sky With Fireworks Shows Tonight

Oil Dips Ahead of Expected OPEC+ Output Increase

613 Killed at Gaza Aid Distribution Sites, Near Humanitarian Covoys, Says UN

Fresno County Authorities Investigating Suspicious Death of Transient Man

Israeli Military Kills 20 in Gaza as Trump Awaits Hamas Reply to Truce Proposal
