Stocks Extend Gains, Near Record Highs in Holiday-Shortened Week
• Stocks moved higher Tuesday, extending Wall Street’s winning streak as the market kicks off a quiet, holiday-shortened week • The S&P 500 was up 0.5% and near its all-time high set 2 years ago following its longest winning streak since 2017 • Technology, industrial, and energy stocks accounted for many of the gains, with chipmakers Nvidia and Intel rising • Some stocks surged on M&A deal news, including Bristol Myers Squibb's $4.1B acquisition of RayzeBio • Wall Street is coming off its 8th straight winning week, with the S&P 500 up over 24% for the year and the Nasdaq up over 43%