Dow Jumps Over 200 Points, Crude Oil Gains 1.5%

Author: Avi Kapoor | December 24, 2024 12:02pm

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 200 points on Tuesday.

The Dow traded up 0.53% to 43,132.84 while the NASDAQ climbed 1.05% to 19,972.38. The S&P 500 also rose, gaining, 0.78% to 6,020.96.

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Leading and Lagging Sectors

Consumer discretionary shares jumped by 1.8% on Tuesday.

In trading on Tuesday, health care shares rose by just 0.1%.

Top Headline

The composite manufacturing index in the U.S. Fifth District increased to -10 in December compared to a reading of -14 in the previous month.

Equities Trading UP

Greenfire Resources Ltd. (NYSE:GFR) shares shot up 13% to $7.00 after Waterous Energy Fund acquired 9,311,424 common shares and 2,654,179 common share purchase warrants of the company.
Shares of Carbon Revolution Public Limited Company (NASDAQ:CREV)got a boost, surging 103% to $7.87 after the company announced it has reached an agreement with OIC for a further $25 million in financing to support the ongoing liquidity of the business.
Jet.AI Inc. (NASDAQ:JTAI) shares were also up, gaining 73% to $5.91 after the company announced it launched “Ava” an agentic AI model for private jet booking.

Equities Trading DOWN

Canoo Inc. (NASDAQ:GOEV) shares dropped 8% to $1.4606.
Shares of Limoneira Company (NASDAQ:LMNR) were down 8% to $24.80 after reporting fourth-quarter results.
Rigel Pharmaceuticals, Inc (NASDAQ:RIGL) was down, falling 7% to $16.00.

Commodities

In commodity news, oil traded up 1.5% to $70.28 while gold traded up 0.1% at $2,630.20.

Silver traded up 0.1% to $30.205 on Monday, while copper rose 0.6% to $4.1085.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 0.17%, Germany's DAX fell 0.18% and France's CAC 40 rose 0.14%. Spain's IBEX 35 Index rose 0.33%, while London's FTSE 100 rose 0.42%.

Asia Pacific Markets

Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 falling 0.32%, Hong Kong's Hang Seng Index gaining 1.08%, China's Shanghai Composite Index gaining 1.26% and India's BSE Sensex falling 0.09%.

Economics

U.S. Redbook index increased 5.9% year-over-year in the latest week, following a prior reading of 4.8% gain.
The composite manufacturing index in the U.S. Fifth District increased to -10 in December compared to a reading of -14 in the previous month.

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