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Stocks closed higher on Wall Street ahead of the Christmas holiday, led by gains in Big Tech stocks. The S&P 500 added 1.1% Tuesday. Trading closed early ahead of the holiday. Tech companies including Apple, Amazon and chip company Broadcom helped pull the market higher. The Dow Jones Industrial Average rose 0.9%, and the Nasdaq composite climbed 1.3%. American Airlines shook off an early loss and ended mostly higher after the airline briefly grounded flights nationwide due to a technical issue. Treasury yields held steady in the bond market. The yield on the 10-year Treasury was little changed at 4.59% THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Tech companies led a broad rally for U.S. stocks Tuesday, a boost for the market in a holiday-shortened trading session. The S&P 500 rose 0.8% in midday trading. The Dow Jones Industrial Average was up 273 points, or 0.6%, as of 12:18 p.m. Eastern time. The tech-heavy Nasdaq composite was up 1%. Chip company Broadcom rose 2.9%, while semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 0.8%. Super Micro Computer jumped 5.8%. Tesla climbed 5.1%, one of the biggest gains among S&P 500 stocks. Amazon.com rose 1.6% American Airlines slipped 0.1% after the airline briefly grounded flights nationwide due to a technical issue. U.S. Steel rose 1.1% a day after an influential government panel failed to reach consensus on the possible national security risks of the nearly $15 billion proposed sale to Nippon Steel of Japan. NeueHealth surged 68.9% after the health care company agreed to be taken private in a deal valued at roughly $1.3 billion. Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.61% from 4.59% late Monday. European markets were mostly higher. Markets in Asia mostly gained ground. U.S. markets will close at 1 p.m. Eastern and stay closed Wednesday for Christmas. Wall Street has several economic reports to look forward to this week, including a weekly update on unemployment benefits on Thursday. Tuesday’s rally comes as the stock market enters what’s historically been a very cheerful season. The last five trading days of each year, plus the first two in the new year, have brought an average gain of 1.3% since 1950. The so-called “Santa rally” also correlates closely with positive returns in January and the upcoming year. So far this month, the U.S. stock market has lost some of its gains since President-elect Donald Trump’s win on Election Day, which raised hopes for faster economic growth and more lax regulations that would boost corporate profits. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Even so, the stock market remains on pace to deliver strong returns for 2024. The benchmark S&P 500 is up about 26% so far this year and remains within roughly 1.3% of the all-time high it set earlier this month — its latest of 57 record highs this year. Alex Veiga, The Associated PressAP Trending SummaryBrief at 11:43 p.m. EST

Former Home Secretary Ajay Kumar Bhalla has been appointed as the new Governor of Manipur, replacing Lakshman Prasad Acharya, an official notification stated on Tuesday. This appointment comes at a critical time as the state grapples with a resurgence in ethnic violence that has plagued the region since May 2023. Ajay Kumar Bhalla, a retired Indian Administrative Service (IAS) officer from the 1984 batch of the Assam-Meghalaya cadre, will take over the reins of the violence-stricken state. Bhalla’s vast experience in handling security and internal affairs, having served as the Union Home Secretary from August 2019 until his retirement in August 2024, makes him a key figure in this challenging time for Manipur.Lakshman Prasad Acharya, who was holding additional charge as the Governor of Manipur, will be succeeded by Bhalla in this important role. Bhalla’s tenure as Home Secretary was marked by his involvement in some of the country’s most sensitive security and administrative matters. His leadership during crucial periods of national security and his long-standing service in the civil services are expected to play a significant role in addressing the ongoing issues in Manipur. Other Governors appointed across different states Alongside Bhalla’s appointment, some more new Governors were also announced across India. Kerala Governor Arif Mohammad Khan, who has had frequent run-ins with the state government, has been appointed as the Governor of Bihar. His tenure in Kerala was marked by several confrontations with the ruling government, most notably over the controversial Citizenship Amendment Act (CAA). Khan replaces Rajendra Vishwanath Arlekar, who will now assume the position of Governor in Kerala. Ajay Kumar Bhalla appointed as Governor of Manipur. Dr Hari Babu Kambhampati, Governor of Mizoram appointed as Governor of Odisha. General (Dr) Vijay Kumar Singh, appointed as Governor of Mizoram. Rajendra Vishwanath Arlekar, Governor of Bihar appointed as Governor of Kerala.... pic.twitter.com/RgPVS5u68n In a noteworthy shift, General Dr Vijay Kumar Singh, the former Army Chief, and a prominent political figure, has been appointed as the Governor of Mizoram. This marks the first time that General VK Singh will take on the role of a state Governor after his tenure as a Member of Parliament for Ghaziabad from 2014 to 2024 and his stint as a Union Minister under Prime Minister Narendra Modi’s cabinet. Further, Dr Hari Babu Kambhampati, the outgoing Mizoram Governor, is being transferred to Odisha in place of Raghubar Das, whose resignation was accepted by President Droupadi Murmu.The highest-paying jobs with the 'lowest stress levels' named - see full list

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