Stocks Return from Christmas with a Bang

The Dow fell short of fresh record close, by only 12 points

Laura McCandless

Deputy Editor

Dec 26, 2023 at 4:29 PM

Fresh off eight-straight weekly gains, all three major indexes rose to start the holiday-shortened week, though trading volume was low. The Dow notched a triple-digit gain and came within 12 points of a record close, while the S&P 500 (SPX) continued to climb toward its Jan. 2022 all-time peak.

Why Match Group stock could soon sink.
EV stock rises on new vehicle launch.
Plus, Ratcliffe buys MANU stake; delivery stock downgraded; 2 big pharma deals.

Summary 1226

NYSE Nasdaq 1226

5 Things to Know Today

Electric vehicles are expected to decline in price amid incentives and high inventory. (CNBC)
Apple (AAPL) appealed a ban on two popular models of its watches.(The Wall Street Journal)
Manchester United finally relieved from ownership concerns.
Call traders have been buying up UPS despite underperformance.
2 pharma stocks in the spotlight amid acquisitions.

There were no earnings of note today.

Black Gold at a "Death Cross"

Crude oil saw its first "death cross" on the charts since early 2020, as the 50-day moving average dropped below the 200-day moving average. West Texas Intermediate (WTI) crude for February delivery rose $1.68, or 2.3%, to settle at $75.24 a barrel.

Gold prices are on the rise amid a weaker U.S. dollar and falling bond yields. February-dated gold futures are up $5.00, or 0.2%, at $2,074.10 at last look.

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