Shares in Tokyo and Shanghai went down on Christmas Day, which is one of the few market days open during the holiday. Oil prices went up, with US oil at $70.17 per barrel and Brent oil at $73.23. The Japanese Yen also changed, moving to 157.37 from 157.11 per dollar, while the Euro increased to $1.0431 from $1.0397.
On Tuesday, Wall Street stocks rose during a short trading session. Big Tech companies, like Apple and Amazon, helped the S&P 500 index gain 1.1%. The Dow Jones went up 0.9%, and the Nasdaq climbed 1.3%. For every stock that went down, more than three stocks went up on the New York Stock Exchange.
Notable gains included Broadcom at 3.2%, Apple 1.1%, and Amazon 1.8%. Tesla had a significant jump of 7.4%! Even after experiencing a small setback, American Airlines ended up just a bit higher at 0.6%.
In another part of the market, US Steel increased by 1.9% following discussions about a big sale to Nippon Steel. In a surprising move, health care company NeueHealth saw its stocks soar by 74.9% after deciding to sell itself for about $1.3 billion.
Many investors are feeling hopeful as the end of the year is known for making stocks rise, especially in the last five trading days of the year and the first two days of the new year, continuing a cheerful trend since 1950. Despite earlier struggles this month, the US stock market has shown strong growth and is expected to perform well in 2024. The S&P 500 is up 26.6% this year and remains close to its all-time high from earlier in December.
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