Pre-Market Report – Tuesday 24 December - US Markets Push Up Slightly - Tech Shines

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Pre-Market Report – Tuesday 24 December - US Markets push up slightly - Tech shines - SPI up 5

12d ago 8:40

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The S&P 500 gained 0.73% to 5,974.07. The tech-heavy Nasdaq Composite rose 0.98% to 19,764.89, as Tesla and Meta Platforms added more than 2% and Nvidia climbed more than 3%. The Dow Jones Industrial Average erased earlier losses and ended the day 66.69 points higher, or 0.16%, to 42,906.95.

Weak economic data seemed to sour the sentiment a bit earlier in the session. The Conference Board’s consumer confidence index for December fell to 104.7, its lowest level since September and below a Dow Jones estimate of 113.0.

Month to date, the 30-stock Dow is down 4.5% in December, while the S&P 500 is off by nearly 1%. The tech-heavy Nasdaq Composite bucked the downtrend, rising 2.8% this month.
ASX SPI up 5 - No news today.
COMMODITIES

Lithium Americas and GM close joint venture for Thacker Pass mine.
Oil prices ease on surplus concerns, dollar strength.
Gold eases as US dollar, yields rise in thin holiday trading.
Copper eases as dollar hovers near two-year high.
Iron ore rises on expectations of Chinese pre-holiday restocking.

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