Stock market today: Nasdaq, S&P 500, Dow surge in start to 'Santa Claus' rally ahead of Christmas break

Given the ongoing sentiment of a Santa Claus rally and positive trends in major indexes, there appears to be continued upward momentum in the market leading into the new year. Tech stocks, especially, have been driving much of this uptick, positioning them favorably for the near term amidst an overall recovering economic backdrop.

Inflation concerns and potential political changes may create volatile conditions for stocks in 2025, though the immediate outlook remains strong as the Christmas rally occurs. Overall, the economic outlook suggests potential headwinds ahead, but strong quarterly performances could still lead to positive forecasts for specific industries like tech.

Given the high volatility in the airline sector, stemming from technical issues and holiday travel demand, American Airlines is likely to experience uncertainty in the short term. While recovering from recent declines, the general outlook should be neutral as it navigates through these challenges while consumer demand fluctuates.