On December 16, 2024, the US stock market closed with mixed results. The Dow Jones Industrial Average fell by 0.25%, the NASDAQ Composite rose by 1.24%, and the S&P 500 increased by 0.38%.

In sector performance, the new energy vehicle sector saw a significant rise of 5.92%, with notable gains in Tesla Motors up 6.14%, NIO Inc. up 5.92%, and Rivian Automotive Inc. up 6.75%. The Trump concept stocks also performed well, increasing by 4.93%, with Trump Media & Technology up 5.22%. Meme stocks rose by 3.85%, with GameStop up 5.18%. The cybersecurity sector saw a rise of 2.53%, with CrowdStrike Holdings Inc. up 5.48%. However, the solar energy sector experienced a decline of 3.97%, with Daqo New Energy Corp. down 3.97%.

Apple rose by 1.17% as Wall Street analysts reiterated their positive outlook on the company. NVIDIA fell by 1.68% due to concerns over antitrust investigations and competition from ASIC chips. Amazon.com increased by 2.40%. Alphabet and Alphabet surged by 3.54% and 3.60%, respectively, following Google's breakthrough in quantum computing technology. Broadcom soared by 11.21% after reporting strong Q4 results and a positive outlook for AI-related sales. Netflix saw a modest increase of 0.24% amid mixed analyst opinions. Advanced Micro Devices slightly declined by 0.17% after merger rumors with Intel were denied. Qualcomm fell by 0.40% due to ongoing legal battles with Arm Holdings. Palantir Technologies Inc. dropped by 0.42% as the AI frenzy cooled off. Super Micro Computer Inc. plummeted by 8.26% after being removed from the Nasdaq 100 index.