Pre-Market Report – Tuesday 24 December: US markets push up slightly | Tech shines

The S&P 500 gained 0.73% to 5,974.07. The tech-heavy Nasdaq Composite rose 0.98% to 19,764.89, as Tesla and Meta Platforms added more than 2% and Nvidia climbed more than 3%. The Dow Jones Industrial Average erased earlier losses and ended the day 66.69 points higher, or 0.16%, to 42,906.95.

Weak economic data seemed to sour the sentiment a bit earlier in the session. The Conference Board’s consumer confidence index for December fell to 104.7, its lowest level since September and below a Dow Jones estimate of 113.0.

Month to date, the 30-stock Dow is down 4.5% in December, while the S&P 500 is off by nearly 1%. The tech-heavy Nasdaq Composite bucked the downtrend, rising 2.8% this month.

ASX SPI up 5 - No news today.

COMMODITIES

• Lithium Americas and GM close joint venture for Thacker Pass mine.
• Oil prices ease on surplus concerns, dollar strength.
• Gold eases as US dollar, yields rise in thin holiday trading.
• Copper eases as dollar hovers near two-year high.
• Iron ore rises on expectations of Chinese pre-holiday restocking.

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