Major U.S. stock indexes rose: the S&P 500 gained 0.70% to 7,676.77, the Dow added 0.28% to 52,361.58, and the Nasdaq climbed 0.82% to 26,169.38. Tesla jumped 5.21%, Nvidia rose 2.39% and Microsoft gained 1.54%, while Apple, Alphabet and Meta fell. The VIX volatility index declined 1.90% to 18.04.
Among the key headlines, UPS raised its annual profit and revenue forecasts as higher-paying shipments boosted margins. BMW reached one million automated vehicle movements in its plants. Other reports highlighted $176 million in crypto-industry spending to support midterm allies and pressure on banks such as HSBC as customers seek higher-rate products.
Watch whether stock gains broaden beyond the day's technology winners, alongside the shipment mix highlighted by UPS and banks' competition for deposits. Commodities and crypto also bear watching: December crude oil futures slipped 0.40% to $101.35, December gold futures fell 0.42% to $4,021.50, and bitcoin eased 0.24% to $79,817.25.