How major US stock indexes fared Tuesday, 12/26/2023

Stocks closed higher on Wall Street at the start of a holiday-shortened week

Stocks closed higher on Wall Street at the start of a holiday-shortened week. Tech and industrial companies climbed, and energy companies rose along with oil prices.

The S&P 500 and the Dow each rose 0.4%, and the Nasdaq climbed 0.5%. The yield on the 10-year Treasury held steady at 3.90%.

Biotech company RayzeBio doubled after agreeing to be acquired by pharmaceutical giant Bristol-Myers Squibb.

Wall Street closed its eighth straight winning week with a quiet finish on Friday following reports showing inflation is on the decline even as the economy appears stronger than expected.

On Tuesday: