Wall Street Rebounds in First Post-Christmas Gain [Video]

Wall Street rebounded on Friday, with the S&P 500 posting its first gain since Christmas Eve, potentially breaking a five-day losing streak, its longest since April.

The index rose 0.6 percent in morning trading as the Dow Jones Industrial Average increased by 153 points (0.4 percent) and the Nasdaq Composite gained 0.9 percent.

Why It Matters

This rebound indicates renewed investor confidence following a period of market volatility. Californian tech firm Nvidia’s performance (a 3.9 percent climb) shows a sustained interest in artificial intelligence technologies, despite concerns regarding overly high valuations.

Tesla’s partial recovery (up 1.6 percent after a previous drop) suggests resilience in the electric vehicle sector, even amid delivery shortfalls. However, declines in industrial and consumer sectors highlight ongoing economic uncertainties ahead of President-elect Donald Trump‘s impending inauguration.