Stocks closed higher on Wall Street ahead of the Christmas holiday, led by gains in Big Tech stocks. The S&P 500 added 1.1% Tuesday. Trading closed early ahead of the holiday. Tech companies including Apple, Amazon and chip company Broadcom helped pull the market higher. The Dow Jones Industrial Average rose 0.9%, and the Nasdaq composite climbed 1.3%.
Chip company Broadcom rose 2.9%, while semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 0.8%. Super Micro Computer jumped 5.8%.American Airlines slipped 0.1% after the airline briefly grounded flights nationwide due to a technical issue. NeueHealth surged 68.9% after the health care company agreed to be taken private in a deal valued at roughly $1.3 billion.
Wall Street has several economic reports to look forward to this week, including a weekly update on unemployment benefits on Thursday.
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