US Market Holiday: Wall Street witnessed a massive Santa Rally ahead of the Christmas celebration on December 24th, with leading benchmarks like Dow Jones, S&P 500 and Nasdaq Composite surging by 1% to 1.5%. US stocks witnessed a massive rally in the holiday-shortened trading week. S&P 500 and Dow Jones marked their best performance on holiday since 2022. That being said, is trading open or closed on Dow Jones, S&P 500 and Nasdaq on Christmas, December 25?
US Stocks On December 24:
Dow Jones: The Dow Jones Industrial Average (DJIA) index surged by as much as 390.08 points or 0.91% to end at 43,297.03, close to its intraday high of 43,297.65.
S&P 500: The benchmark rallied to hit an intraday high of 6,040.10, before closing at 6,040.04 higher by 65.97 points or 1.10%.
Nasdaq Composite: The tech-heavy index closed at 20,031.13, higher by 266.24 points or 1.35%. The benchmark is also near its day's high of 20,031.13.
Meanwhile, the US dollar index flirted around 108.1 against a basket of currencies, which was near its two-year peak of 108.4 that was recorded last week. However, the yield on the 10-year US Treasury note saw gradual momentum to close near its seven-month high of 4.59% on Tuesday.
According to Trading Economics, US stocks rallied on a shortened trading day for Christmas Eve, with the S&P 500 gaining 1.1% and the Dow Jones adding 390 points, marking its best performance on the holiday since 2022. The Nasdaq 100 led the rally, rising 1.3%, its strongest Christmas Eve performance since 2000. Tech stocks were a key driver of the gains, with Tesla soaring 7.3%, Amazon up 1.8%, Apple rising 1.1%, and Broadcom jumping 3%.
The Trading Economics data added that this follows strong performances on Friday and Monday, propelling major indexes closer to their record highs after a recent dip prompted by concerns over the Federal Reserve's actions. Wall Street is now focused on the outlook for interest rates, with most expecting the Fed to keep rates steady in January and March. US stock indices are on track for a strong year, with the Nasdaq 100, S&P 500, and Dow Jones all set to post gains between 15% and 30%, driven by a rally in chipmakers amid growing optimism about AI demand.
US Stock Market Holiday On Christmas:
Christmas is an annual festival commemorating the birth of Jesus Christ, observed primarily on December 25 as a religious and cultural celebration among billions of people around the world. A liturgical feast central to Christianity, preparation for Christmas begins on the First Sunday of Advent and it is followed by Christmastide, which historically in the West lasts twelve days and culminates on Twelfth Night. Christmas Day is a public holiday in many countries, is observed religiously by a majority of Christians, as well as celebrated culturally by many non-Christians, and forms an integral part of the annual holiday season, as per Wikipedia.
There are two main exchanges in the United States Of America (USA) namely NYSE and Nasdaq. As per the exchange holidays list, the Christmas celebration is a stock market holiday. Hence, trading in Dow Jones, S&P 500, Nasdaq Composite, Dollar, Treasury Yields and other market-related instruments will be closed on Wednesday.
Christmas is also a federal holiday in the USA, hence, offices, banks and market will be closed on December 25th.
Click it and Unblock the Notifications
Sign in with Google