Stocks Rise in The Countdown to Christmas – US Market Wrap

A rally in some of the world’s largest technology companies spurred a rebound in stocks, following a brief slide fueled by weaker-than-expected data on US consumer confidence.

In a thin trading session at the start of a holiday-shortened week, the S&P 500 finished near session highs. NVIDIA, Meta and Tesla drove a gauge of the “Magnificent Seven” megacaps up about 1.5%.

Treasury 10-year yields advanced six basis points to 4.59%. The Dollar Index rose 0.3%.