Wall Street's main indexes all closed higher on Tuesday, with gains in megacap and growth stocks bolstering benchmarks in a truncated Christmas Eve session. Both the Dow Jones Industrial Average and Nasdaq Composite scored four straight sessions of gains,

Technology stocks led a broad rally on Wall Street during a holiday-shortened trading session the day before Christmas.

Stocks shook off a choppy start to finish higher Monday, as Wall Street kicked off a holiday-shortened week. The S&P 500 ended 0.7% higher after having been down 0.5% in the early going. The Dow Jones Industrial Average also recovered from an early slide to eke out a 0.2% gain. The tech-heavy Nasdaq composite rose 1%.

Markets that began the year with investors expecting a global stock rally to fizzle, swift U.S. interest rate cuts to boost Treasuries and soften the dollar and emerging market currencies to strengthen have firmly defied that consensus.

However, what goes up often comes down, but H.C. Wainwright analyst Scott Buck thinks SoundHound stock has enough fuel in the tank to climb higher. On Dec. 23, he raised his bank's price target to $26 per share and maintained his buy rating. The new target implies a gain of 19.5% from SoundHound's closing price on Dec. 22.

Stock indexes are edging higher in morning trading on Wall Street as gains for some Big Tech stocks make up for weakness elsewhere in the market

Quantum computing stocks are Wall Street's new momentum darlings. Retail sales top expectations. (Meta updating Ray-Bans will live AI.

Markets are scheduled to close at 1:00 pm Eastern time today, and will remain closed on Wednesday, as part of the traditional Christmas observances on Wall Street.