The Dow Jones Industrial Average closed up 0.98% to 36,302.38 points. On the 8th of November, he remembered that he played in 36565.73 points for the first time in his history.
The S&P 500 advanced 1.38% to close at 4.791.19, which is a record close – 69 this year. During the session, it achieved the highest value ever at 4,791.49 points.
For its part, the Nasdaq Technology Index rose 1.39% to settle at 15,871.26 points. Remember that in intraday trading on November 22nd, it reached a new all-time high of 16,212.23 pips.
Thus, the main Wall Street indexes recorded the fourth rise in a row, despite lower trading volumes in this shorter week for the markets – they closed on the 31st day earlier, both in Europe and the USA.
Investors continue to ponder the economic impact of the coronavirus omicron variant, but optimism surrounding the “Christmas March” allowed for green trading.
Today began the period of the so-called phenomenon of Christmas in the stock markets. As for US stocks, historically, they have risen in the last five trading days of December and the first two sessions of January in 56 of the 75 years analyzed since 1945, according to data from CFRA Research, citing Reuters.
Since 1969, this holiday season escalation has led to an average rise of 1.3% in the S&P 500.
“We’d love to see the Christmas recovery continue. And I think the ability of stock markets to climb further should not be underestimated,” Victoria Green, chief investment officer at G-Squared Private Wealth, told Bloomberg.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
