On December 24, 2024, the stock market experienced a subdued trading day as a result of low investor activity ahead of the Christmas holiday. Major indices showed limited movement with the Dow Jones Industrial Average slightly up by 0.2% while the S&P 500 and Nasdaq Composite remained relatively flat. Analysts noted that trading volumes were significantly lower than average, attributed to many market participants taking time off for the holiday season. According to market strategist M. Peterson, ‘With the holidays approaching, many investors are opting for a quieter approach, taking a step back from market activities.’ The stock market closed early at 1 PM ET, and major exchanges will remain closed on December 25 for Christmas Day. Additionally, economic indicators released early this week suggested a steady but cautious outlook for the economy as the Federal Reserve continues to navigate through inflationary pressures. Wall Street analysts are anticipating the market’s response in the upcoming week as trading resumes after the holiday break.
Stock Market Performance on Christmas Eve 2024
