Stocks Soar Into Christmas As Santa Claus Rally Arrives
A Santa Claus rally is officially in play. Stocks skated into the holiday season in style, with all three major indexes nabbing comfortable wins. The Dow added 390 points for a fourth-straight win, while the S&P 500 reclaimed the 6,000 level. The tech-heavy Nasdaq logged a third-straight triple-point pop thanks to an outsized move from Big Tech, closing the shortened session above 20,000.
COMMODITIES READY FOR CHRISTMAS BREAK
Oil prices were cautiously higher today but gains were capped by geopolitical pressures. February-dated West Texas Intermediate (WTI) crude added 58 cents, or 0.8%, to settle $69.82 per barrel.
Gold prices were also steady, as the safe-haven asset adds 0.1% to settle at $2,631.60 an ounce.
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