S&P 500 Gains and Losses Today: Tech Stocks Help Drive Christmas Eve Rally

Market Performance - The S&P 500 increased by 1.1% during the Christmas Eve trading session, driven by strength in the tech sector [1][2] - The Nasdaq surged 1.4%, while the Dow added 0.9% as financial markets prepared for the Christmas break [2] Company Highlights - Tesla (TSLA) shares rose by 7.4%, leading the S&P 500, with analysts forecasting record fourth-quarter deliveries but emphasizing long-term opportunities in self-driving and AI as key drivers [3] - Super Micro Computer (SMCI) shares gained 6%, recovering from previous losses after being removed from the Nasdaq 100 Index [4] - Broadcom (AVGO) shares increased by 3.2%, continuing a December rally fueled by increased AI revenue estimates from UBS analysts [5] - Starbucks (SBUX) shares ticked up by 2.8%, with a return to work expected for union-backed baristas after a strike, and operations anticipated to remain largely unaffected [6] Underperformers - Walgreens Boots Alliance (WBA) shares fell by 1.2%, continuing a downward trend after earlier gains related to potential sale talks, and are down nearly 65% in 2024 [7] - Celanese (CE) shares also decreased by 1.2%, with RBC cutting its price target due to margin pressures from high energy costs [8]