Dow Posts 322-Point Gain as Santa Claus Rally Resumes

The Nasdaq jumped triple digits as well

Deputy Editor
Dec 21, 2023 at 4:29 PM
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Yesterday's breather was short-lived, as Wall Street once again resumed its Santa Claus rally. The Dow and Nasdaq both popped triple digits, while the S&P 500 posted a modest rise with help from semiconductor stocks. Meanwhile, Wall Street's "fear gauge," the Cboe Volatility Index (VIX) reversed its gains after hitting its highest level in a month. 

  • Options traders eye surging CarMax stock. 
  • Streaming stocks slide amid M&A buzz
  • Plus, looking past Christmas; MU's strong forecast; and more upside for CAVA.

Summary 1221

NYSE Nasdaq 1221

5 Things to Know Today

    1. This year wasn't the best for commodities, despite gold's record highs. (MarketWatch)
    2. China has banned the export of some rare-earth technologies, which will make it more difficult for the U.S. to get hands on raw materials. (Reuters)
    3. What's on tap for the last week of 2023
    4. Analysts target Micron stock after earnings. 
    5. Cava stock earned yet another upgrade. 

    Earnings 1221

    UVOL 1221 

    Oil Prices Fall for First Session in Four

    Oil prices fell after three-straight days of gains, after Angola’s decision withdraw its membership from the Organization of the Petroleum Exporting Countries (OPEC+). West Texas Intermediate (WTI) crude for February delivery dropped 33 cents, or 0.4%, to settle at $73.89 a barrel. 

    Gold prices rose today, with February-dated gold futures rising $3.60, or 18 cents%, to settle at $2,051.30 per ounce. 

     

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