Santa Rally Brings Holiday Cheer to Wall Street: Stocks Climb, Tesla Leads, Bitcoin Hits Milestone
Source: aol.com Market Indices Surge Amid Santa Rally Wall Street entered the festive Santa Rally season with a strong start, as all major indices and sectors posted gains during a shortened session ahead of the Christmas holiday. The S&P 500 rose by 1%, marking its third straight day of gains following last week’s turbulent Federal Reserve meeting. The Dow Jones Industrial Average followed suit, increasing by 0.9%, while the tech-heavy Nasdaq 100 led the charge with a 1.3% gain, recovering most of its losses from the previous week. Consumer discretionary stocks, which have been the top-performing sector throughout the year, spearheaded the rally, supported by lighter-than-usual trading volumes. Notably, the SPDR S&P 500 ETF Trust (NYSE:SPY) climbed 1.1% to $601.01, and the Invesco QQQ Trust Series (NASDAQ:QQQ) surged 1.3% to $529.94, highlighting broad market optimism. Tesla and Consumer Stocks Shine Among the day’s standout performers, Tesla Inc. (NASDAQ:TSLA) soared by...