Wall Street kicked off the Santa Rally season on a positive note, with all major indices and sectors closing higher in a shortened session ahead of the Christmas holiday.
The S&P 500 climbed 1%, extending its gains for a third consecutive session following last week’s volatile Federal Reserve meeting.
The Dow Jones Industrial Average rose 0.9%, while the tech-heavy Nasdaq 100 gained 1.3%, nearly erasing last week’s losses.
Consumer discretionary stocks, the top-performing sector of the year, led the rally amid light trading volumes. Tesla Inc (NASDAQ:TSLA) surged 7.35%, marking its strongest single-day performance since November.
Other standout performers …
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