Stock Market Today, Dec. 26: S&P Notches New High As Investors Digest Nvidia-Groq Deal

Market Performance - The S&P 500 reached a new intraday high but slipped 0.03% to 6,929.94, while the Nasdaq Composite eased 0.09% to 23,593.10, and the Dow Jones Industrial Average edged down 0.04% to 48,710.96 in thin post-Christmas trading [1] - The S&P 500 is up 2.3% for the week, leading to discussions about a potential end-of-year rally or a consolidation phase [3] Company News - Nvidia's stock increased by 1.02% following its announcement of a $20 billion asset acquisition from AI startup Groq, highlighting continued investor interest in AI-driven companies [2][4] - Other materials companies like Freeport-McMoRan and Southern Copper saw gains, contrasting with a nearly 6% loss from Standard Lithium, indicating significant market divergences related to the precious metals rally [2] Commodity Trends - Gold prices reached nearly $4,550 per ounce, while silver surpassed $77 per ounce, driven by ongoing geopolitical tensions and increased investor interest in these safe-haven assets [4]