US Stocks Prepare for Quiet Trading Ahead of Christmas Break
December 24, 2024 - 23:28
US stocks appeared poised for a subdued opening as investors braced for the final, shortened trading session before the Christmas holiday. The anticipation of a "Santa Claus" rally, traditionally characterized by a surge in stock prices during the final week of December, has led to cautious optimism among traders.
Despite the muted outlook, major indices such as the Nasdaq, S&P 500, and Dow Jones have shown resilience in recent sessions, reflecting a strong year for the markets overall. Analysts suggest that this year's performance has been buoyed by factors such as robust corporate earnings, a resilient labor market, and easing inflation pressures.
As the holiday season approaches, trading volumes are expected to decline, leading to potential volatility. Investors are likely to keep an eye on economic indicators and developments that could influence market sentiment into the new year. With the festive spirit in the air, many are hopeful for a positive close to 2023.
MORE NEWS
December 19, 2025 - 10:34
EOG Resources Faces Decline Amid Financial Maneuvers and Operational ConcernsIn early December 2025, EOG Resources announced the expansion of its financial capabilities by securing a new unsecured revolving credit facility worth US$3.00 billion, set to mature in 2030. This...
December 18, 2025 - 23:32
UCLA Graduate Students Reflect on Their Roles in L.A. City Council's Inaugural Budget and Finance Advisory CommitteeTwo graduate students from UCLA, Golden Bachelder and Prokriti Monolina, are making waves as fellows on the Los Angeles City Council`s first-ever Budget and Finance Advisory Committee. Their unique...
December 18, 2025 - 02:02
Richmond Urged to Create Unified Financial OversightIn a recent statement, the Chief Administrative Officer (CAO) emphasized the necessity for Richmond to establish a single, reliable source of truth regarding the city’s financial matters. This...
December 17, 2025 - 07:09
Former Atlanta Hawks Executive Admits to Wire Fraud ChargesIn a significant legal development, Lester Jones, the former senior vice president of finance for the Atlanta Hawks, has pleaded guilty to federal wire fraud. This plea comes after he was indicted...