Stock Market Update Tuesday December 26, 2023 Investors Embrace Nasdaq after Holiday Break. Following a three-day Christmas respite, investors hit the ground running on Tuesday, particularly favoring Nasdaq stocks. This exuberance could be attributed to a desire among portfolio managers to showcase the year's winners in their end-of-year reports. The result? Nasdaq volume eclipsed NYSE volume by more than two-fold that day.
Meanwhile, the S&P 500, trading in thin conditions as the year winds down, saw compressed ranges. This vulnerability could pave the way for price swings triggered by even modest buying or selling programs.
Away from stocks: WTI remained just south of $76 a barrel, gold closed at $2,069 an ounce and the VIX retreated just under 13.