According to China Financial News on December 25 (editor Zhao Hao), on Tuesday (December 24), US stocks continued to rise during Regular Trading Hours, with the late trading trend further strengthening, and the three major indices collectively rose nearly 1%, with the Nasdaq returning above 0.02 million points.

By the close, the Dow Jones Industrial Average rose by 0.91%, marking its fourth consecutive increase, closing at 43,297.03 points; the S&P 500 Index rose by 1.10%, closing at 6,040.04 points; the Nasdaq Composite Index rose by 1.35%, closing at 20,031.13 points, returning above 0.02 million points after three trading days.

As Tuesday was Christmas Eve, US stocks closed three hours earlier than usual, and the market will be closed for one day on Wednesday. Notably, Tuesday was the first day of the "Christmas rally" over seven trading days, and since 1950, the S&P 500 Index has averaged a rise of 1.3% during these seven days.

Ned Davis Research analyst London Stockton stated: "The Christmas rally may continue, and seasonal factors will be very evident before the end of the year. The S&P Index shows signs of being oversold in the short term, and overly optimistic sentiment has already been alleviated earlier."

Paul Hickey, co-founder of Bespoke Investment Group, told the media, "There are many bullish factors to consider, but I think you need to temper your enthusiasm now because the market has already seen some rebound."

However, Bespoke Investment Group strategists pointed out that the S&P Index has already accumulated over a 26% increase this year, with no decline exceeding 10%. He also mentioned that the S&P remained securely above the 200-day moving average last year.

They stated: "Unless there is a significant sell-off in the last few trading days of the year, this will mark the 12th year since 1952 (when the New York Stock Exchange adopted a five-day trading week) of the S&P 500 Index trading above the 200-day moving average for the entire year."

Strategist Jill Carey Hall stated that Bank of America's clients have bought US Stocks for the seventh consecutive week. Similar to the previous five weeks, clients purchased individual stocks and ETFs, with the inflow into individual stocks being slightly larger. She also mentioned that the funds are primarily flowing into Large Cap stocks.

However, Goldman Sachs' new industry model suggests that as optimism approaches historical highs, investors should take more 'defensive measures'.

Performance of Popular Stocks

Large Technology stocks rallied across the board, supporting the Nasdaq, primarily driven by technology stocks, to outperform the Dow Jones Industrial Average and S&P 500 Index. Among them, Apple's stock price rose 1.15%, closing at $258.20 for the third consecutive trading day, setting a new high, with the company's total market cap exceeding $3.9 trillion.

(Ranked by market cap) NVIDIA rose 0.39%, Microsoft rose 0.94%, Google C rose 0.81%, Amazon rose 1.77%, and Meta rose 1.32%. Tesla soared 7.36%, outperforming the 'Seven Giants', and Broadcom rose 3.15%.

The PHLX Semiconductor Index rose 1.07%, increasing for three consecutive days. Among the 30 constituent stocks, six fell. Arm Holdings rose 3.88%, Marvell Technology rose 1.93%, and AMD rose 1.36%. However, ASML Holding fell 0.18% and Micron Technology fell 0.49%.

Walmart rose 2.58%, leading gains among US Well-Known Retailers. Jefferies Analysts are 'increasingly optimistic' about toy sales this holiday season; they observed conditions at stores like Walmart and Target, finding that foot traffic is higher and inventory is lower compared to the start of the holiday season.

Bitcoin briefly rose back to $0.099 million during the day, and most crypto concept stocks advanced. MicroStrategy rose 7.81%, and Coinbase rose 4.28%.

Regarding China Concept Stocks, the Nasdaq China Golden Dragon Index rose by 0.79%, marking three consecutive gains.

Most popular China Concept Stocks rose, with YUM CHINA up 3.62%, NIO up 3.13%, New Oriental up 1.46%, Li Auto up 1.37%, Xpeng Motors up 1.33%, Tencent Music up 1.19%, JD.com up 0.47%, Alibaba up 0.45%, Baidu down 0.46%, TAL Education down 0.50%, and PDD Holdings down 0.86%.

Company news

[American Airlines states flights have resumed running]

American Airlines announced on December 24 that on Tuesday morning, local time, flights were temporarily grounded due to technical issues with a supplier, but have now resumed running. The outage affected key systems for flight departures. Earlier, the Federal Aviation Administration canceled a ground stop order issued for all American Airlines flights upon the airline's request, which was in effect for one hour. According to Cirium, an aviation data provider, although American Airlines flights were delayed in departure, the one-hour ground stop did not lead to widespread flight cancellations.

[OpenAI has discussed developing a humanoid robot]

According to media reports, OpenAI has regained interest in robotics over the past year: investing in startup companies developing robotic hardware and Software, such as Figure and Physical Intelligence, and restarting an internal robotic Software team that was disbanded four years ago. Now, OpenAI may elevate this interest to a new level. According to two people directly aware of the discussions, the company has recently considered developing a type of humanoid robot.