Tech Helps Stocks Start Christmas Week Strong
Stocks finished strong today, with the Dow coming off a triple-digit loss at its session lows to add 66 points by the close. The S&P 500 and Nasdaq both logged solid gains, the latter getting a bump from tech titan Nvidia (NVDA). Wall Street shrugged off two lackluster data sets today; consumer sentiment fell in December below estimates to its lowest level since September, while durable goods fell in November.
COMMODITIES COOL AS CHRISTMAS APPROACHES
Oil prices fell today, weighed down by recent demand pressures. February-dated West Texas Intermediate (WTI) crude shed 22 cents, or 0.3%, to settle $69.24 per barrel.
A strong dollar and elevated bond yields made gold for December delivery fell today, losing 0.6% to settle at $2,628.20 an ounce.
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