Stocks jumped Tuesday on Christmas Eve as the market pulled off back-to-back gains in the holiday week.
The Dow Jones Industrials popped 390.08 points to conclude the session at 43,297.03.
The S&P 500 index hiked 65.97 points, or 1.1%, to 6,040.04.
The NASDAQ grabbed 266.24 points, or 1%, to 20,031.13, helped by a 7.4% jump in Tesla shares. Amazon and Meta Platforms gained more than 1% each.
With two straight winning days, the S&P 500 is up 1.8% this week, while the Dow has gained about 1%. The strong rally in megacap tech lifted the NASDAQ up 2.3% this week.
The S&P 500 also turned green for the month with a 0.1% gain after this week’s advance. The tech-heavy NASDAQ has rallied 4.2% in December, with Google parent Alphabet up 16%, Apple up 10% and Tesla rallying 34% month to date. The blue-chip Dow, however, is still down about 3.6% in December, on pace for its worst monthly performance since April.
American Airlines shares fluctuated after the carrier briefly grounded all flights in the U.S. due to a technical issue on one of the busiest travel days of the year. The grounding was lifted later in the morning.
Prices for the 10-year Treasury regained lost ground, lowering yields to Monday’s 4.59%. Treasury prices and yields move in opposite directions.
Oil prices tacked on 78 cents to $70.02 U.S. a barrel.
Prices for gold ramped up $5.60 an ounce to $2,633.80 U.S.
