Chip and tech stocks driving gains in S&P 500, Dow Jones, and Nasdaq

From Nasdaq: 2024-12-24 12:05:58

The S&P 500, Dow Jones, and Nasdaq are all up today. Chip and tech stocks are driving gains, with US chip makers potentially benefiting from trade protection. China plans to sell $411 billion in bonds to stimulate its economy, supporting global stocks. T-note yields are rising, and the Philadelphia Fed’s non-manufacturing index fell.

Crypto-stocks are up with Bitcoin’s rally. Microstrategy and Riot Platforms are leading, while American Airlines recovers from a software glitch that grounded flights. Starbucks is up despite a barista strike threat. March 10-year T-notes hit a 7-month low. The ECB is expected to cut rates at its January meeting. US stock movers include Tesla and chip stocks.



Read more at Nasdaq: Stocks See Continued Support From Chip and Tech Stocks