Stock market today: Dow ekes out gains, bitcoin slumps as 'Santa Claus' rally takes a pause
Published On Dec 26, 2024, 4:05 PM
US stocks experienced mixed movements following the Christmas holiday, with the S&P 500 and Nasdaq struggling to maintain gains from a previous Santa Claus rally, while the Dow Jones Industrial Average edged up slightly. Jobless claims data showed a drop, yet continuing claims indicated a potential cooling labor market. Stocks like Tesla and Bitcoin saw declines, while small-cap stocks performed better, with the Russell 2000 gaining. Analysts are also optimistic about Apple, projecting continued growth.
Stock Forecasts
AAPL
Positive
Despite recent declines, Apple has received bullish sentiment from analysts, which could support further growth in its stock price.
TSLA
Negative
Tesla's extended decline amid volatility may continue, reflecting uncertain market sentiment and lower trading volumes.
GME
Positive
GameStop's recent rally appears driven by meme stock dynamics and social media influence, which could lead to short-term volatility.
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