Newmont Mining Corp. (NEM) was the only loser, losing 0.1%. It was the biggest gain of the S & P 500 on Monday after gold prices had risen.
Remember Monday? It was a virtual reverse of Wednesday: Stocks had the worst Christmas Eve in history. the Dow fell by 650 points.
Wednesday was a different story.
Tech stocks led the rally. Amazon rose 9.5%, Facebook (FB), Netflix (NFLX) rose 8%, Apple (AAPL) rose 7% and Alphabet (alpL) gained + 6%, up 11.9%. Hess (HES) increased by 11%.
The stocks of consumer goods also rose sharply. Kohl's (KSS) gained 10.3% and Nike (NKE) rose 7.2%. Mastercard reported that American retailers had the best sales in the Christmas season in six years. Amazon (AMZN) reported a robust holiday season. This suggests that rising wages and lower gas prices are helping to boost consumer spending, the largest contributor to US GDP.
Even the shares of JCPenney (JCP) rose on Wednesday. The time-honored and now endangered department store chain fell below $ 1 for the first time, ending the day 3% higher.
Another contested title, Ford Motor (F), which has dropped 36% to date and hit a nine-year low previously, ended Wednesday a little higher.