Stock market today: Nasdaq, S&P 500 jump as Nvidia, chip stocks lead tech gains
Published On Dec 23, 2024, 4:00 PM
Stocks experienced gains on Monday, primarily driven by the technology sector. The S&P 500 rose by 0.7%, while the Nasdaq climbed almost 1%. Semiconductor companies, particularly Nvidia and Broadcom, saw significant increases in their shares. Other notable performers included Meta and Tesla. Despite prior market volatility and a decline in consumer confidence, the focus remains on the Federal Reserve's interest rate policies moving into next year. Meanwhile, Walmart's stock struggled after being sued by the CFPB, impacting the Dow Jones Industrial Average.
Stock Forecasts
NVDA
Positive
With the tech sector rallying and positive momentum in semiconductor stocks, investors may find opportunities in companies like Nvidia and Broadcom, likely propelling their stocks higher as demand in technology continues to grow.
WMT
Negative
The recent news regarding Walmart's legal challenges could negatively impact its stock price, especially if the situation worsens or costs rise as a result.
RUM
Positive
Given the strategic partnership between Rumble and Tether, Rumble's significant stock gains could continue as investor interest peaks due to the deal's implications for decentralization.
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