Stocks rise at the start of a holiday-shortened week [Los Angeles Times (CA)]
Morgan Stanley (MS)
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Source: Los Angeles Times
Technology companies and banks did much of the heavy lifting. Industrial companies also gave a strong push to major indexes. The S&P 500 rose 43.99 points, or 0.6%, to 6,878.49. The Dow Jones Industrial Average rose 227.79 points, or 0.5%, to 48,362.68. The Nasdaq composite rose 121.21 points, or 0.5%, to 23,428.83. Smaller company stocks did particularly well. The Russell 2000 index outpaced other major indexes with a 1.2% gain. The gains also helped major indexes push further into winning territory for the month as a choppy December nears its end. Technology companies, especially those focused on artificial intelligence, have been the main force behind the market's oscillations. The direction of AI-related stocks will likely determine whether the market closes out December with gains or losses. “If a Santa Claus rally does kick in this year, St. Nick's gift bag will likely need to be full of positive tech sentiment,” wrote Chris Larkin, managing director of trading and inves
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