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Indonesia News Portal for Traders | Financial & Business Updates

23 December 2024 21:56  |

S&P 500 Inches Higher as The Market Begins a Holiday-Shortened Week

The S&P 500 edged higher on Monday as the market gears up for a holiday-shortened trading week.

The large-cap equity benchmark climbed 0,2%. The Dow Jones Industrial Average dipped about 60 points. The tech-heavy Nasdaq Composite rose 0.4%.

Trading is expected to be relatively muted during the week. The New York Stock Exchange closes early Tuesday for Christmas Eve at 1 p.m. ET, and the market is shut on Christmas Day.

Investors are hopeful that a so-called Santa Claus rally may help the market end 2024 on a high note, especially following a tumultuous week. Dating back to 1969, the S&P 500, on average, added 1.3% in the last five trading days of the year and the first two in January, according to the Stock Trader’s Almanac.

Source : CNBC

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