Technology took a back seat but was still among the 10 stock market sectors in the green to begin a holiday-shortened trading week on Wall Street. The bidding war for a media property has escalated, and a new era for a widely held investment vehicle also contributed to risk-on cheer.
"The Santa Claus rally is building," Louis Navellier of Navellier & Associates writes, as all three main equity indexes traded up together for a second straight session and gold and silver also hit new all-time highs. "The concerns about the AI narrative continue to ease, seen in the further moves up in Nvidia (NVDA, +1.5%) and Oracle (ORCL, +3.3%)."
