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Dow struggles for direction as Santa Claus rally stalls


Published on 2024-12-26 15:21:06 - MarketWatch
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  • 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.

The article from MarketWatch discusses the performance of U.S. stock futures on a day when trading volumes were expected to be lower due to the Thanksgiving holiday. Dow Jones Industrial Average futures fell by approximately 100 points, reflecting broader market concerns about inflation, potential interest rate hikes, and geopolitical tensions. The S&P 500 and Nasdaq-100 futures also experienced declines, albeit less pronounced. The market's reaction was influenced by recent economic data, including a higher-than-expected consumer price index, which raised fears of sustained high inflation. Additionally, comments from Federal Reserve officials suggested a cautious approach to monetary policy tightening, contributing to market volatility. Despite the holiday, some traders remained active, focusing on sectors like technology and retail, which showed mixed performances.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/livecoverage/dow-jones-futures-drop-100-points-in-holiday-thinned-trade ]
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