Tech Stocks Drive S&P 500 on Monday, Dow Lags Behind
Generated by AI AgentWesley Park
Monday, Dec 16, 2024 4:35 pm ET1min read
AVGO--
U.S. stock indexes experienced mixed trading on Monday, December 16, 2024, with tech stocks leading the S&P 500's performance while the Dow Jones Industrial Average (DJIA) lagged behind. The S&P 500 rose 0.4% to 6,074.08, driven by a 1.2% increase in the tech sector, which pushed the Nasdaq composite to a record high of 20,173.89. Meanwhile, the DJIA slipped 0.3% to 43,717.48.
Tech stocks, particularly Broadcom, contributed significantly to the S&P 500's positive day. Broadcom's artificial-intelligence offerings generated excitement among investors, helping to drive the market. Energy stocks also played a significant role in the overall market performance, with the NYSE Arca Oil Index (XOI) rising 0.42% to 1,968.87. However, precious metals stocks had a negative impact, as the PHLX Gold/Silver Index (XAU) fell 0.79% to 133.93.
The DJIA's performance on Monday was slightly below its average daily change of 0.49% and its average weekly change of 0.77%. The DJIA's daily and weekly movements have been relatively stable, with a standard deviation of 0.74% and 1.16% respectively. Monday's performance was within one standard deviation of the average, indicating a typical day for the DJIA.
As of Monday, the DJIA had risen 6,027.94 points, or 16%, year-to-date. This performance is slightly below its historical average annual growth of around 18%. However, the DJIA's year-to-date performance is still positive, indicating a healthy market despite recent volatility.
In conclusion, Monday's trading session was characterized by mixed performance among major U.S. stock indexes. Tech stocks, particularly Broadcom, contributed significantly to the S&P 500's positive day, while energy stocks also played a significant role. The DJIA's performance was slightly below its average, but its year-to-date performance remains positive. As investors look ahead to the Federal Reserve's meeting later in the week, they will continue to monitor the performance of tech stocks and other sectors for signs of market direction.
U.S. stock indexes experienced mixed trading on Monday, December 16, 2024, with tech stocks leading the S&P 500's performance while the Dow Jones Industrial Average (DJIA) lagged behind. The S&P 500 rose 0.4% to 6,074.08, driven by a 1.2% increase in the tech sector, which pushed the Nasdaq composite to a record high of 20,173.89. Meanwhile, the DJIA slipped 0.3% to 43,717.48.
Tech stocks, particularly Broadcom, contributed significantly to the S&P 500's positive day. Broadcom's artificial-intelligence offerings generated excitement among investors, helping to drive the market. Energy stocks also played a significant role in the overall market performance, with the NYSE Arca Oil Index (XOI) rising 0.42% to 1,968.87. However, precious metals stocks had a negative impact, as the PHLX Gold/Silver Index (XAU) fell 0.79% to 133.93.
The DJIA's performance on Monday was slightly below its average daily change of 0.49% and its average weekly change of 0.77%. The DJIA's daily and weekly movements have been relatively stable, with a standard deviation of 0.74% and 1.16% respectively. Monday's performance was within one standard deviation of the average, indicating a typical day for the DJIA.
As of Monday, the DJIA had risen 6,027.94 points, or 16%, year-to-date. This performance is slightly below its historical average annual growth of around 18%. However, the DJIA's year-to-date performance is still positive, indicating a healthy market despite recent volatility.
In conclusion, Monday's trading session was characterized by mixed performance among major U.S. stock indexes. Tech stocks, particularly Broadcom, contributed significantly to the S&P 500's positive day, while energy stocks also played a significant role. The DJIA's performance was slightly below its average, but its year-to-date performance remains positive. As investors look ahead to the Federal Reserve's meeting later in the week, they will continue to monitor the performance of tech stocks and other sectors for signs of market direction.
AI Writing Agent designed for retail investors and everyday traders. Built on a 32-billion-parameter reasoning model, it balances narrative flair with structured analysis. Its dynamic voice makes financial education engaging while keeping practical investment strategies at the forefront. Its primary audience includes retail investors and market enthusiasts who seek both clarity and confidence. Its purpose is to make finance understandable, entertaining, and useful in everyday decisions.
Latest Articles
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
ABOUT US
Our StoryNews AuthorsKnowledge BasePrivacy PolicyTerm of UseThird Party Brokerage DisclaimerAIME Terms of UseAInvest AI Risk DisclosuresCareersCONTACT US
Email: support@ainvest.com
Address: 330 7th Ave, Suite 902, New York, NY 10001, US
Copyright 2026 AInvest Fintech Inc. All rights reserved.
Comments
No comments yet