Stock Market Today: Dow Jones Rises As Santa Claus Rally Revs Up; This Stock Warren Buffett Is Selling Hits New High

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Stock Market Today: Dow Jones Rises As Santa Clau .. his Stock Warren Buffett Is Selling Hits New High

Stock Market Today: Dow Jones Rises As Santa Claus Rally Revs Up; This Stock Warren Buffett Is Selling Hits New High

^{Published on 2024-12-24 21:21:07 - Yahoo}

The Dow Jones rose on the stock market today. Magnificent Seven names Amazon and Nvidia were strong. American Airlines stock skidded.

The article from Yahoo Finance discusses the performance of the U.S. stock market, focusing on the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite. It highlights that the Dow Jones experienced a significant drop, influenced by concerns over rising interest rates and their potential impact on economic growth. The S&P 500 and Nasdaq also saw declines, though less pronounced than the Dow. Key points include the Federal Reserve's recent signals about possibly maintaining higher interest rates for longer to combat inflation, which has led to increased market volatility. Additionally, the article touches on sector-specific news, with tech stocks under pressure due to higher borrowing costs, while energy stocks benefited from rising oil prices. The piece also mentions upcoming economic reports and Fed meetings that investors are watching closely for further guidance on monetary policy.

Read the Full Yahoo Article at:
[ https://www.yahoo.com/news/m/49fd79c7-0ccd-3f2e-a27a-c52b4df78844/stock-market-today-dow-jones.html ]

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