NYSE Dow Jones finished today at:

[qldfrog]

Far less impressive if you look at the market graph during the day...
But my opinion only

 

[farmerge]

Far less impressive if you look at the market graph during the day...
But my opinion only

@qldfrog green with an upward arrow has to be a positive than the other!!!!

 

[TimeISmoney]

An impressive finish for Wally Street yesterday.
Picking up a reasonable amount of the earlier losses.
Has their Santa Rally started with this.??

Hard to say Mr Farmarge, I'd imagine there would be a heap of holiday pay sitting in bank accounts waiting to hit the market but when and how long of a green run I don't have any idea.

Far less impressive if you look at the market graph during the day...
But my opinion only

Dow dropped roughly 1100 points and then climbed to 600 2 days later to settle at close to about 500.

 

[bigdog]

ASX 200 expected to rebound

The Australian share market looks set to rebound on Monday following a strong finish on Wall Street on Friday.

According to the latest SPI futures, the ASX 200 is expected to open the day 11 points or 0.15% higher.

U.S. stocks rose Friday to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one.

The S&P 500 rallied 1.1% for its best day in six weeks and shaved its loss for the week down to 2%. The Dow Jones Industrial Average jumped 498 points, or 1.2%, and the Nasdaq composite gained 1%.

 

[bigdog]

Stock market today: Wall Street rises at the start of a holiday-shortened week

Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday.

apnews.com

Wall Street rises at the start of a holiday-shortened week​

By DAMIAN J. TROISE and ALEX VEIGA
Updated 9:20 AM GMT+11, December 24, 2024

Stocks shook off a choppy start to finish higher Monday, as Wall Street kicked off a holiday-shortened week.

The S&P 500 ended 0.7% higher after having been down 0.5% in the early going. The Dow Jones Industrial Average also recovered from an early slide to eke out a 0.2% gain. The tech-heavy Nasdaq composite rose 1%.

Gains in technology and communications stocks accounted for much of the gains, outweighing losses in consumer goods companies and elsewhere in the market.

Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 3.7%. Broadcom climbed 5.5% to also help support the broader market.

Walmart fell 2% and PepsiCo slid 1%.

Japanese automakers Honda and Nissan said they are talking about combining in a deal that might also include Mitsubishi Motors. U.S.-listed shares in Honda jumped 12.7%, while Nissan ended flat.

Eli Lilly rose 3.7% after announcing that regulators approved Zepbound as the first and only prescription medicine for adults with sleep apnea.

Department store Nordstrom fell 1.5% after it agreed to be taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal.

All told, the S&P 500 rose 43.22 points to 5,974.07. The Dow gained 66.69 points to 42,906.95. The Nasdaq rose 192.29 points to 19,764.89.

Traders got a look at a new snapshot of U.S. consumer confidence Monday. The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8.

The unexpectedly weak consumer confidence update follows several generally strong economic reports last week. One report showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The latest report on unemployment benefit applications showed that the job market remains solid.

A report on Friday said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. Worries about inflation edging higher again had been weighing on Wall Street and the Fed.

The central bank just delivered its third cut to interest rates this year, but inflation has been hovering stubbornly above its target of 2%. It has signaled that it could deliver fewer cuts to interest rates next year than it earlier anticipated because of concerns over inflation.

Expectations for more interest rate cuts have helped drive a roughly 25% gain for the S&P 500 in 2024. That drive included 57 all-time highs this year.

Inflation concerns have added to uncertainties heading into 2025, which include the labor market’s path ahead and shifting economic policies under an incoming President Donald Trump.

“Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025,” said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company

Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.59% from 4.53% late Friday.

European markets closed mostly lower, while markets in Asia gained ground.

Wall Street has several other economic reports to look forward to this week. On Tuesday, the U.S. will release its November report for sales of newly constructed homes. A weekly update on unemployment benefits is expected on Thursday.

Markets in the U.S. will close at 1 p.m. Eastern on Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas.

ASX 200 expected to rise​

The Australian share market is expected to edge higher on Tuesday after a relatively positive start to the week in the United States.

According to the latest SPI futures, the ASX 200 is poised to open the day 5 points higher.

Stocks shook off a choppy start to finish higher Monday, as Wall Street kicked off a holiday-shortened week.

The S&P 500 ended 0.7% higher after having been down 0.5% in the early going. The Dow Jones Industrial Average also recovered from an early slide to eke out a 0.2% gain. The tech-heavy Nasdaq composite rose 1%.

All told, the S&P 500 rose 43.22 points to 5,974.07. The Dow gained 66.69 points to 42,906.95. The Nasdaq rose 192.29 points to 19,764.89.

 

[eskys]

Merry Christmas, bigdog, Happy New Year. Thanks for everything.