DJIA Rises by 306 Points; Tesla and Meta Drive Tech Sector Gains

Written by Emily J. Thompson, Senior Investment Analyst

Source: aastocks

Updated: 14h ago

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Source: aastocks

US Stock Market Performance: The US stock market continued its upward trend, with the DJIA rising by 306 points (0.6%), the Nasdaq increasing by 211 points (0.9%), and the S&P 500 adding 37 points (0.6%) amid reduced geopolitical tensions and stable core PCE price growth.
Tech Sector Gains: Major technology companies saw significant gains, with Meta up 5.7%, Tesla rising 4.2% due to plans for public sales of humanoid robots, and both Amazon and Microsoft increasing over 1%. Other tech giants like Alphabet, NVIDIA, and Apple also experienced slight gains.
Industrial Production Data: The US industrial production for December remained unchanged at 0.4% month-over-month, surpassing the forecast of 0.1%.
Market Sentiment: The positive market sentiment was bolstered by the in-line economic data and the performance of large tech stocks, indicating investor confidence in the current economic climate.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.