U.S. stocks experienced a significant rebound as the S&P 500 rose 0.17%, and the Nasdaq climbed 0.19%, both recovering much of the losses from the previous day. The surge was led by chip stocks, particularly Micron Technology, which saw its shares surge after releasing a better-than-expected quarterly forecast. Despite the Dow shedding 0.05%, Wall Street is heading into the long Christmas weekend on a high note, with all three major indexes marking their eighth consecutive week of gains. This streak is the longest for the S&P 500 since late 2017. The overall market optimism is fueled by economic data that suggests the Federal Reserve might ease its monetary policy, along with cooler inflation data contributing to the positive sentiment. The 'Santa Claus Rally' has taken hold, pushing the S&P 500 toward its best quarter since 2020, while the Russell 2000 ended up 2.5%, marking its sixth straight weekly gain.
⚠️WALL ST. WEEKLY PERFORMANCE: ✅ DOW ENDS UP +0.2%, 8TH WEEKLY GAIN IN A ROW ✅ S&P 500 ENDS UP +0.8%, 8TH STRAIGHT WEEKLY GAIN ✅ NASDAQ ENDS UP +1.2%, 8TH WEEKLY GAIN IN A ROW ✅ RUSSELL 2000 ENDS UP +2.5%, 6TH STRAIGHT WEEKLY GAIN $DIA $SPY $QQQ $IWM 🇺🇸🇺🇸 https://t.co/dNSJv11yjZ
WATCH: The Nasdaq joined the S&P 500 in positive territory at the close, while the blue-chip Dow finished nominally lower as investors head into the long Christmas weekend after digesting cooler-than-expected inflation data https://t.co/eU4KYHyx9i https://t.co/grwW0poFiV
US stocks ended mixed, but investors head into the long Christmas weekend with all three of Wall Street's main indexes notching their eighth straight week of gains - the longest weekly winning streak for the S&P 500 since late 2017 https://t.co/LdtSFbrSF8 https://t.co/PaVnLnQL1k
⚠️ JUST IN: *S&P 500 ENDS HIGHER AHEAD OF LONG CHRISTMAS HOLIDAY WEEKEND https://t.co/8obqqirpxI 👈 $DIA $SPY $QQQ https://t.co/00Z9BSG5w5
The S&P 500 rose Friday after cooler inflation data, with the major averages heading for an eighth-straight winning week as Wall Street looked to extend its year-end rally. The Dow shed 0.05% The S&P 500 rose 0.17% The Nasdaq climbed 0.19% https://t.co/1VCH2SQT2Q https://t.co/bN4vNURvOP
S&P 500 Storms Toward Best Quarter Since 2020 As 'Santa Claus Rally’ Takes Hold https://t.co/MwApcnaWrd https://t.co/sW2N5xJhxR
Wall Street ends sharply higher, winning back much of the previous day's losses, rebounding with a boost from chips, led by Micron Technology after its better-than-expected quarterly forecast https://t.co/qDc0Scb26K https://t.co/Z5neCs3d9r
All three major US stock posted gains as stocks of chip manufacturers surged, led by Micron Technology after its better-than-expected quarterly forecast, putting the tech-heavy Nasdaq out front https://t.co/tPsgEnTHsh https://t.co/h95L7A2USN
US stocks closes higher, winning back much of the previous day's losses, as economic data continues to fuel optimism that the Federal Reserve would ease monetary policy https://t.co/tPsgEnTHsh https://t.co/58mHMGrgU7
Wall St rises after broad sell-off; Micron shines https://t.co/1mQMLYcCWF https://t.co/zJz3e19ZcL
Micron shares surge post earnings on the back of higher prices. It’s our #ChartoftheDay. The Investment Committee debates the bet on chips with our very own @KristinaParts. $MU $NVDA https://t.co/FMjR21rYYi
The S&P 500 Took a Tumble but Here’s Why the Santa Rally Isn’t Called Off https://t.co/sGtG3jx0jR