Free Trial

US STOCKS: Late Equities Roundup: Santa Rally Support

US STOCKS
  • Stocks continued to pull higher Tuesday, brief program selling tempered price action before climbing higher again before the early close ahead of the midweek Christmas holiday, Consumer Discretionary and Information Technology sectors outperforming.
  • Currently, the DJIA trades up 299.2 points (0.7%) at 43206.37, S&P E-Minis up 50.75 points (0.84%) at 6086.75, Nasdaq up 206.8 points (1%) at 19971.56.
  • Autos and broadline retailers buoyed the Consumer Discretionary sector in the first half: Tesla +5.12%, General Motors +1.71%, Amazon +1.5%, AutoZone +1.29%. Semiconductor stocks continued to support the IT sector for the second day running: Super Micro Computer +5.49%, Broadcom +2.87%, Palantir Technology +1.74%, ON Semiconductor +1.25%.
  • On the flipside, Health Care and Utility sectors underperformed ahead the early close, pharmaceutical shares weighing on the former: Viatris -0.80%, Regeneron Pharmaceuticals -0.58%, Biogen -0.56% and Bristol-Myers Squibb -0.46%. Gas and Electricity providers weighed on the Utility sector: American Water Works -0.70%, AES Corp -0.57%, Consolidated Edison -0.41%.
151 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Stocks continued to pull higher Tuesday, brief program selling tempered price action before climbing higher again before the early close ahead of the midweek Christmas holiday, Consumer Discretionary and Information Technology sectors outperforming.
  • Currently, the DJIA trades up 299.2 points (0.7%) at 43206.37, S&P E-Minis up 50.75 points (0.84%) at 6086.75, Nasdaq up 206.8 points (1%) at 19971.56.
  • Autos and broadline retailers buoyed the Consumer Discretionary sector in the first half: Tesla +5.12%, General Motors +1.71%, Amazon +1.5%, AutoZone +1.29%. Semiconductor stocks continued to support the IT sector for the second day running: Super Micro Computer +5.49%, Broadcom +2.87%, Palantir Technology +1.74%, ON Semiconductor +1.25%.
  • On the flipside, Health Care and Utility sectors underperformed ahead the early close, pharmaceutical shares weighing on the former: Viatris -0.80%, Regeneron Pharmaceuticals -0.58%, Biogen -0.56% and Bristol-Myers Squibb -0.46%. Gas and Electricity providers weighed on the Utility sector: American Water Works -0.70%, AES Corp -0.57%, Consolidated Edison -0.41%.