Wall Street rises as ‘Santa Claus Rally’ begins

Quick Summary:

A rally in tech stocks powered Wall Street gains in a quiet pre-Christmas session.

Tesla led the megacaps, with Broadcom and AMD rising as Biden's team probed Chinese chips.

Investors hope for the 'Santa Claus Rally' to boost year-end stocks further.The S&P 500 climbed 1.1%, Nasdaq 100 up 1.4%, and Dow Jones increased 0.9%.

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Article Details

Author / Journalist: Bloomberg

Category: EconomyBusiness

Markets: IndiaAfghanistanPakistan

Topics: Santa Claus Rally Nasdaq 100 Wall Street Big tech stocks Dow Jones Industrial Average

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-25 @ 10:13:04 (18 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 949 words

Reading Time: 6 minutes read

Sentences: 37 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24656312

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 13 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 1 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #28

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