The ProShares UltraPro QQQ ETF (TQQQ) closed up 3.97% at $88.44 on December 24, 2024, as the Nasdaq 100 index rose 1.37% amid a strong start to the Santa Claus rally. The Nasdaq Composite surged 1.4%, driven by gains in technology stocks, including Tesla and Nvidia, which benefited from bullish sentiment and seasonal trends. The rally was further supported by a broader market upswing, with the S&P 500 and Dow Jones also posting gains of 1.1% and 0.9%, respectively. The holiday-shortened session saw light trading volumes, but the momentum was enough to lift the tech-heavy index, reflecting ongoing investor interest in growth sectors.