itstargetnews
Wall Street kicked off the Santa Rally season on a positive note, with all major indexes and sectors closing higher in a shorter session. of the Christmas holidays.
The S&P 500 rose 1%, extending its gains for a third straight session after last week’s volatile Federal Reserve meeting.
The Dow Jones Industrial Average rose 0.9%, while the tech-heavy Nasdaq 100 gained 1.3%, nearly erasing last week’s losses.
Consumer discretionary stocks, the year’s best-performing sector, led the rally amid light trading volumes. Tesla Inc (NASDAQ:TSLA) rose 7.35%, marking its strongest single-day performance since November.
Other top S&P 500 performers included Walmart Inc. (NYSE:WMT), Starbucks Corp. (NASDAQ:SEX), i Netflix Inc. (NASDAQ:NFLX), 2.4%, 2.8% and 2.5% respectively.
The US dollar index posted modest gains, with the greenback near one-year highs against the euro. Treasury yields were steady, with the benchmark 10-year yield at 4.6%, the highest level since May.
In commodities, gold rose 0.4%, while the price of oil rose 0.7%.
Risk appetite returned to the cryptocurrency market after recent volatility, com Bitcoin (CRYPTO: BTC) rose 4% to over $98,000. This rally boosted crypto-related stocks, including Microstrategy Inc. (NASDAQ:MSTR), MARA Digital Holdings Inc. (NASDAQ:MARA), i Coinbase Global Inc. (NASDAQ:COIN), all with notable gains.
|
Main indexes |
price |
%chg of 1 day |
|
Nasdaq 100 |
21,771.80 |
1.3% |
|
S&P 500 |
6,032.64 |
1.0% |
|
Russell 2000 |
2,254.99 |
0.8% |
|
Dow Jones |
43,239.42 |
0.8% |
Updated at 1 p.m. ET
according to Benzinga Pro data:
-
The SPDR S&P 500 ETF Trust (NYSE:SPY) rose 1.1% to $601.01.
-
The SPDR Dow Jones Industrial Average (NYSE:there) rose 0.8% to $432.44.
-
Heavy technology Invesco QQQ Trust Series (NASDAQ:QQQ) rose 1.3% to $529.94.
-
The iShares Russell 2000 ETF (NYSE:IWM) rose 1% to $223.46.
-
The Select Consumer Discretionary Sector SPDR Fund (NYSE:XLY) exceeded, by 2.3% more; the Utilities Select SPDR Fund Sector (NYSE:XLU) was delayed, by 0.5%.
Read Next:
Photo via Shutterstock.
Next: Transform your business with Benzinga Edge’s unique market trading ideas and tools. Click now to access unique insights that can get ahead of you in today’s competitive market.
Get the latest Benzinga stock analysis?
