ho Ho HO!!! Everyone just waiting for this Santa rally and 'YES' it landed well. The market closed @ noon with good result. Dow closed at +0.51% and Nasdaq +0.71%. Let's hope some magic will happens with higher point on 12/31 boo yah!
The Santa Claus rally AKA the 'December Effect' The rally is generally attributed to anticipation of the January effect, an injection of additional funds into the market, and to additional trades which must, for accounting and tax reasons, be completed the end of the year.
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