Stocks Close Christmas Eve on High Note, Third Straight Record Close For Dow Jones Industrial
By Fox Business // December 24, 2019
Stock market skyrockets
ABOVE VIDEO: Stock market skyrockets, despite Boeing’s ongoing problems.
(FOX BUSINESS) – Stocks ended little changed in an abbreviated Christmas Eve session.
All three of the major averages finished within 0.2 percent of their respective flat lines as the Nasdaq Composite closed at a record high for the ninth straight day.
Uber shares gained after the company said co-founder Travis Kalanick’s last day as a board member will be Dec. 31.
“Uber has been a part of my life for the past 10 years,” Kalanick said in a statement. “At the close of the decade, and with the company now public, it seems like the right moment for me to focus on my current business and philanthropic pursuits.”
Elsewhere, Tesla rallied a day after shares hit $420, the level at which CEO Elon Musk tweeted he had secured funding to take the company private. Musk’s tweet sparked an investigation by the U.S. Securities and Exchange Commission and ultimately led to him stepping down from the company’s board of directors for at least three years.
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