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S&P 500 Continues to Hit New Highs, Santa Claus Rally Supports US Stocks
Summary: According to sources, in light holiday trading, the S&P 500 index continued its upward trend, reaching historic highs. Nvidia's stock price rose, with analysts optimistic about its licensing agreement with AI startup Groq. Despite scrutiny of the AI boom and the Fed's interest rate outlook, the market is still focused on the 'Santa Claus Rally,' ...
According to sources, in light holiday trading, the S&P 500 index continued its upward trend, reaching historic highs. Nvidia's stock price rose, with analysts optimistic about its licensing agreement with AI startup Groq. Despite scrutiny of the AI boom and the Fed's interest rate outlook, the market is still focused on the 'Santa Claus Rally,' referring to the uptrend in the last few trading days of the year until early January. Piper Sandler's Chief Market Technician Craig Johnson stated that the market is expected to maintain a structural rally in the final four trading days, but is becoming more divergent.
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Link: S&P 500 Continues to Hit New Highs, Santa Claus Rally Supports US Stocks [Copy]
