U.S. stocks saw a notable increase on Tuesday, with the benchmark S&P 500 rising by 1.10% in a quiet trading session that concluded early ahead of the Christmas holiday. This positive movement in the equity markets has set the stage for a potential Santa rally, as investors remain optimistic during this festive period.
The bond market, on the other hand, experienced some selling activity, indicating a shift in investor sentiment. The overall market dynamics reflect a cautious yet hopeful outlook as Wall Street navigates the end of the year.
Notable stocks to keep an eye on include Tesla, which traded at $465.40, and Nvidia, priced at $139.95, among others.