Since the start of 2024, the S&P 500 has never once closed below its 200-day moving average, according to Bespoke Investment Group. Barring a sharp selloff between now and the end of the year, this would be only the 12th time since 1952 that this has happened.

Some of the biggest winners were mega-cap tech stocks, with Tesla up by 6% while Broadcom, Netflix, and Amazon each gained about 2%.

US stocks looked set for a mostly muted open to a final, shortened trading session before the Christmas holiday,

The Dow Jones Industrial Average went up 66.69 points or 0.2% to end at 42,906.95 for its third straight daily gain, according to Dow Jones Market Data. The S&P 500 went up 43.22 points or 0.7% to finish at 5,974.07.

Stocks are broadly higher in trading on Wall Street, led by gains in Big Tech stocks. The S&P 500 was up 0.7% Tuesday.

Wall Street's main indexes all closed higher on Tuesday, with gains in megacap and growth stocks bolstering benchmarks in a truncated Christmas Eve session. Both the Dow Jones Industrial Average and Nasdaq Composite scored four straight sessions of gains,

Tuesday kicks off a historically merry period for investors, a stretch known familiarly as the Santa Claus rally for the positive stock market returns typically enjoyed during the holiday season, potentially bringing further gains to a largely cheery 2024 for equities.

Kaltbaum Capital Management's Gary Kaltbaum and Scarlet Oak Financial's Frances Newton Stacy give their economic outlook heading into 2025 on 'Your World.'

Both the Dow Jones Industrial Average and Nasdaq scored four straight sessions of gains, with the S&P 500 taking its winning streak to three sessions. Lisa Bernhard has more.