Reported about 19 hours ago
US stocks surged in the last trading session before Christmas, kicking off the traditional 'Santa Claus' rally. The S&P 500 climbed over 1.1%, the Nasdaq rose about 1.4%, and the Dow Jones increased around 0.9%. This positive momentum comes as Wall Street reassesses interest rates amid ongoing concerns about inflation, particularly driven by core services in the economy. Despite challenges ahead, including potential inflationary policies from the incoming administration, investors are optimistic as notable tech stocks like Nvidia continue to lead gains.
Source: YAHOO