U.S. Stock Market Performance on December 23, 2024

On December 23, 2024, major U.S. stock indexes closed higher as investors began a holiday-shortened week on a positive note.

The S&P 500 increased by 43.22 points, or 0.7%, reaching a total of 5,974.07. Significant contributions to this gain were made by large technology companies, notably chip makers like Nvidia and Broadcom.

The Dow Jones Industrial Average added 66.69 points, or 0.2%, bringing it to 42,906.95. The Nasdaq composite saw a remarkable rise of 192.29 points, or 1%, ending at 19,764.89.

Among notable stock performances, shares of Honda listed in the U.S. surged after the company announced it was in discussions about a potential merger with Nissan, which could also involve Mitsubishi Motors. Additionally, Eli Lilly's stock rose after it received regulatory approval for Zepbound, marking it as the first prescription medication for adults with sleep apnea.

In the bond market, Treasury yields experienced an uptick, indicating some shifts in investor sentiment.

As for the year-to-date performances:

• The S&P 500 has gained 1,204.24 points, representing a 25.2% increase.
• The Dow is up 5,217.41 points, which is a 13.8% rise.
• The Nasdaq has surged by 4,753.53 points, amounting to a remarkable 31.7% increase.
• The Russell 2000 index, which reflects smaller companies, has seen a rise of 210.36 points, equivalent to a 10.4% gain.

Stocks, Market, Companies