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:
Trump Temporarily Halts Leasing and Permitting for Wind Energy Projects
8 hours ago
Fresno Man Who Dealt Deadly Fentanyl Pill Gets 80-Month Prison Term
8 hours ago
What’s Next for EVs as Trump Moves to Revoke Biden-Era Incentives?
8 hours ago
Visalia Police Find Man Shot Near Shopping Center. Tips Sought.
9 hours ago
Convicted Jan. 6 Rioter Benjamin Martin Still Going to Prison
9 hours ago
Is Lawsuit on Planned Reedley Job Center a ‘Shakedown’?
10 hours ago
CA Sued the Tar Out of Trump the First Time Around. How Did It Do?
11 hours ago
Trump Administration Directs All Federal Diversity, Equity and Inclusion Staff Be Put on Leave