Can growth stocks keep going? | 2019's hot IPO market | Uber co-founder out

Stocks were down in a shortened trading session, but hopes remain for a Santa Claus rally.

VIEW IN BROWSER | SUBSCRIBE TUE, DEC 24, 2019 EVENING BRIEF AS OF TUE, DEC 24, 2019 • 01:00 ET DJIA 28517.11 -0.12% -34.42 S&P 500 3223.41 -0.02% -0.60 NASDAQ 8952.88 +0.08% +7.24   Most Active DOW NAME LAST CHG %CHG AAPL 284.27 +0.27 +0.10% CSCO 47.78 -0.32 -0.67% INTC 59.41 +0.18 +0.30% S&P 500 NAME LAST CHG %CHG AMD 46.54 +1.08 +2.38% GE 11.19 +0.03 +0.27% BAC 35.23 +0.06 +0.17% NASDAQ NAME LAST CHG %CHG AMD 46.54 +1.08 +2.38% AAPL 284.27 +0.27 +0.10% MU 55.42 +0.02 +0.04% EDITOR'S NOTE Nothing grows forever, but growth stocks have outperformed the S&P 500 for an entire decade.   The Russell 1000 Growth index rose 260% over the 2010s, compared with 139% for the Russell 1000 Value index.   As recession fears emerged in early fall, investors began to turn to value stocks, which have lower price-to-earnings ratios and more predictable profitability.   Even as those fears have eased, some analysts continue to recommend value stocks because there are still plenty of economy certainties that can hold back companies valued for their growth.    Some high-profile flops in the initial public offering market, including Uber and Lyft, helped inspire the rotation into value. Despite these disasters, the IPO market is still beating the S&P's gains for 2019, writes CNBC's Kate Rooney.   The S&P is up  37% from last Christmas Eve, CNBC's Jesse Pound writes. Of course, you'll recall that last December, stocks slid into bear market territory — so it's been a recovery that few if anybody predicted.   Stocks were little changed on Tuesday during a shortened holiday trading session. Hopes remain for a Santa Claus rally to end a year that already has stocks near record highs.      Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.   Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Nasdaq hits record in shortened Christmas Eve session After a big decade for growth investing and the 'FANG' stocks, some are considering a change A lot has changed since the market panic last Christmas Eve with the S&P 500 up nearly 40% since IPOs overall beat the market this year despite some 'mega busts' North Korea seems likely to test long-range missile as it returns to 'old tactics' in talks with US Travis Kalanick to depart Uber's board of directors Trump is rolling back over 80 environmental regulations. Here are five big changes you might have missed in 2019 Amazon's second act, Microsoft's revival and red-hot IPOs highlighted the decade of the cloud Demand for Amazon Alexa in cars is 'through the roof,' exec says Morgan Stanley analyst who missed the Tesla comeback sticks by call that it will drop 40%     TOP VIDEO Why Blackstone's Byron Wien says record rally here to stay   CNBC PRO FedEx investors face 'numerous risks,' Argus says in downgrade   SPECIAL REPORTS Stocks could surge another 22% next year, BTIG's Julian Emanuel says Boeing is kicking off a major comeback, investor predicts. Here's why   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS