Stock market today: Asian shares are mostly lower, with most world markets closed for Christmas

Shares are lower in Tokyo and Shanghai, two of only a handful of world markets open on Christmas day. Oil prices rose. On Tuesday, stocks closed higher on Wall Street in a shortened holiday session. Gains in Big Tech stocks helped the S&P 500 to a 1.1% gain, while the Dow Jones Industrial Average rose 0.9%. The Nasdaq composite climbed 1.3%. American Airlines shook off an early loss and ended mostly higher after the airline briefly grounded flights nationwide due to a technical issue. Treasury yields held steady. The yield on the 10-year Treasury was little changed at 4.59%