Market Rally Arrives: Santa Claus Delivers

Santa Claus Rally Arrives: Stocks Surge, Tech Leads, Investor Confidence SoarsThe long-awaited Santa Claus rally has finally arrived, with the S&P 500 Index climbing 0.8% on Thursday, ending a four-day losing streak. Historically, stocks tend to rise in the last two weeks of December, and this year is no exception, with technology stocks leading the way. The Bloomberg Magnificent Seven Index gained 2%, and the Nasdaq 100 Index added 1.5%. Investors, both retail and institutional, are showing renewed confidence, buying into areas like AI and semiconductors, and investing in sectors beyond big tech, like real estate and industrial stocks. This broader interest, combined with lower market volatility, suggests theres still room for the market to grow as the year closes out.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.