US Stock Market Experiences 'Santa Claus' Rally Before Christmas

Reported 1 day ago

In the lead-up to Christmas, US stocks, including the Nasdaq, S&P 500, and Dow Jones, saw significant gains during a shortened trading session, signaling the start of the traditional 'Santa Claus' rally. The S&P 500 rose by 1.1%, the Nasdaq gained 1.4%, and the Dow climbed 0.9%. Key tech stocks like Nvidia contributed to this upward trend amid ongoing reassessments of interest rates and inflation concerns as Wall Street enters the holiday break.

Source: YAHOO

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