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