Dow struggles for direction as Santa Claus rally stalls
The Santa Claus rally refers to a seasonal tendency for the S&P 500 to rise over the last five days trading days of a calendar year and the first two of the new year. U.S. stocks pared early losses on Thursday, with the Dow wavering in and out of positive territory in recent trade.
U.S. equity futures moved lower in early Thursday trading, while Treasury bond yields remained elevated in the wake of the ...
"Stocks tend to do well in the absence of news and this is why strength around holidays tends to occur," Ryan Detrick said.
Stocks opened the day lower but found their way into positive territory by lunchtime. The enthusiasm faded into the close, however, putting this year's Santa Claus rally at risk. The Santa Claus rally ...
Stock indexes drifted to a mixed finish on Wall Street as some heavyweight technology and communications sector stocks offset ...
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