Dow ends higher for fifth straight daily gain as stocks attempt to score Santa rally
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 Dow Needs Cheering Up—or Here Comes Its First Santa Rally Drop in a Decade
The Dow is on track for its first Santa Claus rally decline since the end of 2015. Monday is important because the Santa Claus rally window began on Tuesday--the final five days of the year and the first two days of the new year.
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Indexes remain on course for robust full-year gains; auto stocks lift Japan’s Nikkei 225.
Stock futures are slightly lower Friday as the Santa Clause rally that kicked off earlier in the week loses steam.
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