On December 28, Capital State learned that as of the close of business on December 27, local time, the three major U.S. stock indexes closed up for the fourth consecutive trading day. The Dow rose 351.82 points, or 0.98%, to 36302.38 points; the Nasdaq rose 217.89 points, or 1.39%, to 15,871.26 points; the S&P 500 index rose 65.40 points, or 1.38%, to 4,791.19 points. Among them, the S&P 500 Index hit a record closing high for the 69th time this year.
On December 27, the US stock market officially opened the “Christmas market” (the last five trading days of the year and the first two trading days of the new year). Historical quotations show that since 1969, the S&P 500 has risen by an average of 1.3% during the seven-day “Christmas market” period.
Ryan Detrick, chief market strategist at LPL Financial, said, “Regardless of whether investors are optimistic about the new year, whether they have confidence in holiday spending, whether traders are on vacation, or whether institutions will sort out their books, the market will only believe in Santa Claus.”
Large technology stocks rose and fell mixed. Apple rose 2.30%, Google-A rose 0.67%, Microsoft rose 2.32%, Meta rose 3.26%, Amazon fell 0.82%, and Netflix fell 0.16%.
Energy stocks closed up across the board. Occidental Petroleum rose 2.74%, Schlumberger rose 0.91%, ConocoPhillips rose 2.84%, and Exxon Mobil rose 1.43%.
New energy auto stocks were mixed. Tesla rose 2.52%, Xiaopeng Motors fell 0.04%, Ideal Motors fell 1.71%, Weilai fell 1.83%, Faraday Future fell 5.27%, Rivian rose 10.58%, and Lucid Group rose 2.66 %.
Popular Chinese concept stocks suffered collectively. Baidu fell 0.24%, Alibaba fell 1.74%, JD fell 1.37%, Pinduoduo fell 1.30%, Bilibili fell 2.88%, Vipshop fell 2.60%, and iQiyi fell 6.52% , NetEase fell 0.41%.
Chip stocks rose sharply, with NXP Semiconductors up 2.39%, ON Semiconductor up 4.52%, Chaowei Semiconductor up 5.62%, Nvidia up 4.40%, and Hi-Tech up 1.96%.
Aviation and cruise stocks bucked the market and fell. United Airlines fell 0.65%, American Airlines fell 0.49%, JetBlue fell 0.75%, Delta Airlines fell 0.76%, Southwest Airlines fell 0.26%, Royal Caribbean Cruises fell 1.35%, Carnival Cruises Down 1.18%, Norwegian Cruise Line fell 2.55%. Return to Sohu to see more
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