Intel Leads Dow Up Triple Digits, Facebook & Twitter Lift Nasdaq

Stocks extended their rally for the fourth day. The S&P 500 closed at yet another record high on Monday.

Author:: Susannah Lee
Publish date:: Dec 22, 2014 4:40 PM EST

Stocks extended their rally for the fourth day. The S&P 500 and Nasdaq wavered and dipped into negative territory earlier in the session on existing home sales falling in November. But the markets turned around and the S&P 500 closed at yet another record high. Intel (INTC) showed the best performance in the Dow and led the blue chips to finish up triple digits. Tech stocks overall were strong. Social media stocks Facebook (FB) and Twitter (TWTR) closed with gains. Oil futures slipped more than 3% to settle above $55 a barrel. Falling fuel prices helped Southwest Airlines (LUV) and Virgin America (VA) soar. Caesars Entertainment (CZR) gained more than 11% after the casino operator said it would buyout one of its publicly traded subsidiaries, Caesars Acquisition (CACQ).