US stocks saw a surge in the final trading session before Christmas, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all making gains. The markets closed early on Christmas Eve and will remain closed on Christmas Day.
Recent gains have brought the indexes closer to their record highs after a decline attributed to actions taken by the Federal Reserve last week. Investors are reassessing the outlook for interest rates in the coming year, with expectations of two holds at the Fed's January and March meetings and uncertainty surrounding May's decisions.
Nvidia, a major player in the tech sector, experienced a significant increase in its stock value on Monday, contributing to a remarkable rise in its stock value for the year. However, analysts predict that the company may face challenges in 2025 due to ongoing inflation concerns in the market.