Market Summary; December 26th

Market Summary; December 26th

The S&P 500 dipped slightly by 0.04% (-2.45 points) to close at 6037.59 on Thursday, Dec. 26, 2024, as the pre-Christmas rally fizzled. The Dow also edged lower, while the Nasdaq gained slightly.

Highlights of Gains and Losses:

Top Gainers:

Walgreens Boots Alliance (WBA): Up 5.3%, leading the S&P 500, as buyout speculation continued to drive investor interest despite recent volatility.

Dollar Tree (DLTR): Rose 3.8%, bolstered by its CEO’s permanent appointment and plans for a turnaround amid consumer spending pressures.

Target (TGT): Gained 3%, aided by price cuts and promotions to boost post-holiday sales.

Top Losers:

Fair Isaac Corp. (FICO): Dropped 2% as analysts flagged potential growth challenges due to price increases.

Tesla (TSLA): Fell 1.8%, reversing pre-Christmas gains, with investors focusing on long-term AI and autonomous driving prospects.

Super Micro Computer (SMCI): Declined 1.7%, impacted by its removal from the Nasdaq 100, though the company received an extension to file its annual report, easing delisting fears.

The session reflected a mixed performance as investors assessed holiday sales and broader economic pressures.