01:52 PM EST, 12/24/2024 (MT Newswires) -- US benchmark equity indexes rose Tuesday as markets closed early on Christmas Eve, with Tesla (TSLA) helping lift the S&P 500 and the Nasdaq Composite higher.

The technology-heavy Nasdaq jumped 1.4% to 20,031.1, while the S&P 500 rose 1.1% to 6,040. The Dow Jones Industrial Average advanced 0.9% to 43,297. All sectors closed higher, led by consumer discretionary's 2.6% surge.

US markets will be closed Wednesday for the Christmas Day holiday.

Electric vehicle maker Tesla's shares advanced 7.4%, the best performer on the S&P 500 and the second-best on the Nasdaq.

NeueHealth ( NEUE ) shares soared 75%. Late Monday, the healthcare company agreed to be acquired and taken private by an affiliate of New Enterprise Associates in a deal worth roughly $1.3 billion.

American Airlines ( AAL ) experienced a technical issue Tuesday that briefly affected its flight operations during one of the busiest travel seasons of the year. The carrier's shares closed 0.6% higher.

Walgreens Boots Alliance ( WBA ) shares dropped 1.2%, the steepest decline on the S&P 500.

The US two-year yield was down 1.3 basis points at 4.34%, while the 10-year rate lost one basis point to 4.59%.

In economic news, US home price growth remained unchanged sequentially for the third consecutive month in November, while the annual increase eased to the slowest rate in about a year, Redfin (RDFN) reported.

"Home prices are likely to keep rising steadily throughout 2025 at a similar pace to this year," Senior Economist Sheharyar Bokhari said.

Manufacturing activity in the US Mid-Atlantic region improved in line with market expectations in December, but remained in contraction territory, data from the Federal Reserve Bank of Richmond showed.

West Texas Intermediate crude oil rose 1.1% to $70.03 a barrel.

Gold increased 0.2% to $2,633.80 per troy ounce, while silver gained 0.4% to $30.3 per ounce.