Since the start of 2024, the S&P 500 has never once closed below its 200-day moving average, according to Bespoke Investment Group. Barring a sharp selloff between now and the end of the year, this would be only the 12th time since 1952 that this has happened.

Some of the biggest winners were mega-cap tech stocks, with Tesla up by 6% while Broadcom, Netflix, and Amazon each gained about 2%.

The Dow Jones rose on the stock market today. Magnificent Seven names Amazon and Nvidia were strong. American Airlines stock skidded.

The Dow Jones Industrial Average went up 66.69 points or 0.2% to end at 42,906.95 for its third straight daily gain, according to Dow Jones Market Data. The S&P 500 went up 43.22 points or 0.7% to finish at 5,974.07.

Fresh off of its worst losing streak in 50 years, the Dow Jones Industrial Average stormed forward Friday following a better-than-expected inflation report.

In case SP500 stays above the 6050 level, it will head towards the strong resistance level at 6090 – 6100. A move above the 6100 level will provide SP500 with a chance to gain additional upside momentum.

Markets closed early and volume was thin, but all three main equity benchmarks closed higher on Tuesday to mark the official start of the Santa Claus Rally. Indeed, the tech-heavy Nasdaq Composite and the broad-based S&P 500 had their best Christmas Eve showings since 2000 and 2011,