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Stock impact report

S&P 500 Gains and Losses Today: Chip Stocks Surge as Holiday Trading Week Begins [Yahoo! Finance]

ResMed Inc. (RMD) 
Last resmed inc. earnings: 4/30 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Justin Sullivan / Getty Images Key Takeaways The S&P 500 added 0.7% on Monday, Dec. 23, 2024, with communication and tech stocks outperforming as the holiday-shortened trading week got underway. Broadcom and AMD shares surged following positive analyst commentary and as a government probe into Chinese semiconductors helped boost chip stocks. Shares of ResMed slipped after the FDA approved Eli Lilly's weight-loss drug as a sleep apnea treatment, raising concerns about sales of ResMed devices. Major U.S. equities indexes moved higher to kick off the week, with a shortened trading session on tap for Tuesday followed by a midweek day off in observance of Christmas. The S&P 500 gained 0.7%. Strength in the tech sector helped lift the Nasdaq 1%, while the Dow staged an afternoon rally to eke out a daily gain of 0.2%. Broadcom ( AVGO ) shares rose 5.5%, notching the top performance in the S&P 500, after UBS lifted its price target on the stock. Analysts said they boosted their Show less Read more
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