On December 16, 2024, the US stock market closed with mixed results. The Dow Jones Industrial Average fell by 0.25%, the NASDAQ Composite rose by 1.24%, and the S&P 500 increased by 0.38%.
In sector performance, the new energy vehicle sector saw a significant rise of 5.92%, with notable gains in Tesla Motors up 6.14%, NIO Inc. up 5.92%, and Rivian Automotive Inc. up 6.75%. The Trump concept stocks also performed well, increasing by 4.93%, with Trump Media & Technology up 5.22%. Meme stocks rose by 3.85%, with GameStop up 5.18%. The cybersecurity sector saw a rise of 2.53%, with CrowdStrike Holdings Inc. up 5.48%. However, the solar energy sector experienced a decline of 3.97%, with Daqo New Energy Corp. down 3.97%.
Apple rose by 1.17% as Wall Street analysts reiterated their positive outlook on the company. NVIDIA fell by 1.68% due to concerns over antitrust investigations and competition from ASIC chips. Amazon.com increased by 2.40%. Alphabet and Alphabet surged by 3.54% and 3.60%, respectively, following Google's breakthrough in quantum computing technology. Broadcom soared by 11.21% after reporting strong Q4 results and a positive outlook for AI-related sales. Netflix saw a modest increase of 0.24% amid mixed analyst opinions. Advanced Micro Devices slightly declined by 0.17% after merger rumors with Intel were denied. Qualcomm fell by 0.40% due to ongoing legal battles with Arm Holdings. Palantir Technologies Inc. dropped by 0.42% as the AI frenzy cooled off. Super Micro Computer Inc. plummeted by 8.26% after being removed from the Nasdaq 100 index.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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