Newmont Mining Corp (NEM) was the only loser who dropped 0.1%. It was S & P 500's biggest gain on Monday after gold prices increased.
Remember Monday? It was a virtual opposite of Wednesday: Stocks had their worst Christmas Eve in history; Dow fell 650 points.
Wednesday was a completely different story.
Technical shares led the rally. Amazon rose 9.5%, Facebook (FB), Netflix (NFLX) rose 8%, Apple (AAPL) jumped 7% and the Alphabet (GOOGL) was up 6%.
The energy stocks were close behind, led by Marathon Oil, which increased by 1[ads1]1.9%. Hess (HES) was up 11%.
The consumer products also increased sharply. Kohls (KSS) was up 10.3% and Nike (NKE) rose 7.2%. Mastercard reported that the US retail trade had its best seasonal sales in six years. Amazon (AMZN) reported that it had a robust holiday period. This indicates rising wages and lower gas prices are contributing to increased spending – the biggest contributor to US GDP.
Even JCPenney shares (JCP) rose on Wednesday. The venerable and now threatened warehouse chain dipped below $ 1 for the first time ended the day 3% higher.
Another delayed share, Ford Motor (F), which is down 36% a day and hit a nine-year low earlier in the day ended Wednesday a little higher.