S&P 500 Gains as Chip Stocks Rise on Holiday Trading Week

Reported 1 day ago

On December 23, 2024, the S&P 500 gained 0.7% at the start of a holiday-shortened trading week, driven by strong performances in the tech sector, particularly chip stocks like Broadcom and AMD, following positive analyst commentary and a government probe into Chinese semiconductors. However, shares of ResMed fell after the FDA approved a weight-loss drug as a sleep apnea treatment, raising concerns about its sales.

Source: YAHOO

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