S&P 500 Gains and Losses Today: Tech Stocks Help Drive Christmas Eve Rally [Video]

Major U.S. equities indexes offered a dose of holiday joy for investors, pushing higher during a shortened Christmas Eve trading session.

The S&P 500 gained 1.1% on Tuesday, while strength in the tech sector helped the Nasdaq surge 1.4%. The Dow added 0.9% as financial markets prepared for Wednesday’s Christmas break.

Tesla (TSLA) shares powered 7.4% higher, leading the charge for the S&P 500 and spearheading an upbeat trading session for the Magnificent Seven tech stocks. Barclays analysts noted that, while they expect the electric vehicle maker to post record fourth-quarter deliveries, the effect on the stock could be minimal. Rather than short-term metrics, the investment bank believes Tesla’s recent momentum hinges on its long-term opportunities in self-driving and artificial intelligence.

Super Micro Computer (SMCI) shares gained 6%, partially recovering from a string of losses that coincided with last week’s removal of the stock from the Nasdaq 100 Index. Earlier this month, the server and data …