Stocks closed higher, led by tech stocks like NVIDIA and Tesla, but consumer confidence dropped.

From Nasdaq: 2024-12-24 07:29:00

On Monday, Wall Street closed higher with the Dow, S&P 500, and Nasdaq all showing gains. Tech stocks led the surge, with NVIDIA, Tesla, and Meta Platforms among the top gainers. The fear-gauge VIX dropped, but concerns about the Fed’s future policies persist. Consumer confidence for December also declined significantly.

The Dow Jones Industrial Average rose 0.2%, the Nasdaq Composite advanced by 1%, and the S&P 500 gained 0.7%. Tech stocks like NVIDIA and Tesla saw notable increases, while consumer confidence for December was lower than expected. Market participants are cautious about the Fed’s upcoming decisions despite the positive market performance.



Read more at Nasdaq: Stock Market News for Dec 24, 2024