(Finance) – Slightly higher session for Wall Street, which will close at 1pm ET today and will be closed for Christmas tomorrow. There is no catalyst for investors, with volumes that will be very limited, while the few European markets that were trading today have already closed the session.
THE major indices of the New York Stock Exchange are preparing to close the year with excellent performances: the Dow Jones Industrial marks a +13.8% since the beginning of the year, the S&P 500 a +25.3%, the S&P 100 a +31.6%, the Nasdaq 100 a +27.8% and the Nasdaq Composite a +31 ,7%.
The markets are currently in a historically strong period called “Santa Claus rally” According to Stock Trader’s Almanac data going back to 1969, cited by Reuters, the S&P 500 index gained an average of 1.3% in the last five days of December and the first two days of January.
However, no one knows for sure whether this rally will last into the new year, when the health of the US economy and the choices of the American central bank will return to discussion. There Federal Reserve cut rates for the third time this year last Wednesday, but signaled only two more 25 basis point cuts in 2025, down from its September projection of four cuts.
In today’s session, eyes focused on American Airlinesafter it grounded all its flights in the United States for an hour due to an unspecified technical problem, on a critical day for travel.