US Stock Markets Today: S&P 500, Nasdaq Open Higher As Wall Street Eyes Christmas Cheer
Intel, Nvidia, Tesla and Broadcom were among the early gainers as trading commenced on the Wall Street in the Christmas-shortened week.
Two of the three main US stock market indices opened in the green on Monday, marking a positive start to the Christmas-shortened trading week.
The tech-heavy Nasdaq Composite gained 0.51% to trade at 19,671.93. The broader index, S&P 500, surged as much as 0.23% to 5,944.60.
The Dow Jones Industrial Average declined 0.26% to 42,730.30.
Seven of the eleven sectoral indices declined, led by real estate, healthcare and industrial stocks. Consumer discretionary and telecom saw notable advances.
Among major companies, shares of Intel Corp., Nvidia Corp., Tesla Inc, and Broadcom Inc., witnessed gains in early trade. On the other hand, Walmart Inc., Accenture Plc., FedEx Corp. and ResMed Inc. saw declines.
Among other asset classes, the yield on 10-year US Treasury bonds dropped three basis points to 4.55%.
The Dollar Index rose 0.3%. The euro and British pound fell 0.3%, at $1.0399 and $1.2532, respectively. The Japanese yen fell 0.5% to 157.11 per dollar.
In the commodities market, spot gold declined 0.28% to $2,615.56 an ounce. Brent crude, the global oil benchmark, slipped for a third day with 0.67% decline, as a strengthening US dollar pressured prices. It was trading near $72.45 per barrel.
Bitcoin continued to retract from its recent highs, it fell 1.3% $93,919.82. The world's largest traded cryptocurrency, which was close to the $110,000-mark in recent period, has been sliding after the US Federal Reserve’s cautious policy outlook tempered optimism over President-elect Donald Trump’s embrace of the crypto sector.
