Stock Market Today: Dow Set to Open Down
December 24, 2024
The stock market was rallying across the board, but the Nasdaq Composite was having an especially merry Christmas Eve session.
The tech-heavy index was up 1%, which would be its best performance on Christmas Eve since 2000, according to Dow Jones Market Data. The S&P 500, up 0.7%, was on track for its best Christmas Eve since 2011. The Dow, up 0.4%, would mark its best performance on the holiday since 2022.
Technology stocks have been rallying for much of the month as Wall Street seemed to favor Big Tech and chip stocks in the face of sticky inflation data. The Roundhill Magnificent Seven ETF is up 1.6% today, while the iShares Semiconductor ETF is up 0.8%.
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