Stock Market to Finish Christmas Week High

US stocks are running slightly elevated for the Christmas week, with the Nasdaq Composite emerging as the index to benefit the most from increased trading.

US stocks to climb this week.

There was limited trading throughout the week, but we are expecting an uptick for Friday as trading begins. The trend for the Nasdaq over the last five days of active trading is that this index has climbed. We anticipate that it will continue to do so as soon as the market opens for the last day of trading for Christmas week.

All three of the major averages in the US have gained this week, with the Dow Jones earning almost 1,000 points over the last five days. The S&P 500 gained more than 100 points in that same period. Investors will have the wrong impression if they just look at the last 24 hours. it will appear as though the indices have hardly moved or have actually lost ground. The slightly larger picture is very promising when considering the total movement for the week.

For just this week, which has only included a couple days of trading, the Dow Jones gained 1.1%, the Nasdaq Composite earned another 2.3%, and the S&P 500 climbed by 1.8%. The numbers for the month have been far more mixed, and the Nasdaq is the clear winner there as well.

The Nasdaq Composite gained 4.2.% in December, which has been a tumultuous month for the market after November’s unprecedented highs. The Dow Jones has suffered in comparison to the tech-heavy Nasdaq. It lost 3.5% throughout the month, as many of the normally decent-performing stocks failed to make a good showing amid economic upheaval. The S&P 500 climbed only slightly with a 0.1% increase.

Stocks Most Likely to Shoot Up

As trading begins for the last day of the week, which stocks should investors be keeping an eye on? We anticipate that Nvidia (NVDA) will do well in this last day of trading and will close the year off strong. Premarket trading is showing a slight dip, but the stock has been strong over the last few days, which is more than we can say for most of the year’s big stocks in December.

Wal-Mart (WMT) stock ticked up on Thursday and should do well for the last Friday of the year as well. We have seen this stock lead the retail market in a big way in 2024, and there is every reason to expect it to finish on a high note for Christmas week.

Apple (AAPL) stock has also been strong, recently climbing by $10 in value over the last five days of trading. Expect the company with the highest market cap to have a good showing for Christmas week.

 

 

 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Timothy St. John
Timothy St. John
Financial Writer - European & US Desks
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments