Reported about 16 hours ago
Traders are anticipating a 'Santa Claus rally' where stock prices typically rise from around Christmas through the first trading sessions of the following year. With the S&P 500 up about 24% in 2024, market analysts like Paul Hickey and Ryan Detrick believe that a rally is likely despite recent downturns in other indexes. Historically, the market has rallied 76% of the time during this period since 1999, making bulls hopeful for continued gains as economic news slows.
Source: YAHOO