Dec 12, 2024 (MENAFN via COMTEX) --
(MENAFN) US stocks ended the day mixed on Wednesday, with the Nasdaq closing above the 20,000-point level for the first time in history. The Dow Jones Industrial Average dropped by 99.27 points, or 0.22 percent, finishing at 44,148.56. Meanwhile, the S&P 500 gained 49.28 points, or 0.82 percent, closing at 6,084.19. The Nasdaq Composite saw a significant rise, increasing 347.65 points, or 1.77 percent, to end the session at 20,034.90, marking a historic milestone for the tech-heavy index.
Shares of US electric vehicle giant Tesla hit an all-time high, with the stock price reaching approximately USD425 per share, up 5.9 percent compared to the previous day. This surge in Tesla's stock reflected investor optimism surrounding the company and broader market trends, further boosting its market value.
The VIX volatility index, known as the "fear index," fell by 4.23 percent to 13.58, signaling a decline in market uncertainty and a more optimistic sentiment among investors. Meanwhile, precious metals showed mixed performance: gold rose by 0.9 percent, reaching USD2,718.07 per ounce, while silver fell by 0.65 percent, ending at USD31.6965 as of 2217 GMT.
Oil prices saw an increase of around 2 percent, with the global benchmark Brent crude reaching USD73.40 per barrel. This rise in oil prices reflected a steady recovery in the energy market, driven by supply-demand dynamics and geopolitical factors affecting global oil markets.
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COMTEX_460793176/2604/2024-12-12T20:52:36
