Stock Market Rises as Tech Stocks, Led by Nvidia, Propel Gains

Reported 1 day ago

On December 23, 2024, US stock markets saw positive movement, with the tech-heavy Nasdaq rising nearly 1% and the S&P 500 up 0.7%, driven by significant gains in semiconductor stocks like Nvidia and Broadcom. Despite a decline in US consumer confidence, the market reacted favorably to Federal Reserve signals regarding interest rates, as investors assessed the economic landscape ahead of the new year. The Dow Jones Industrial Average managed modest gains after struggling earlier in the session, fueled by optimism in tech and social media sectors.

Source: YAHOO

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