Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Weekly Comic: It’s Santa Rally Time On Wall Street!

Published 12/19/2019, 07:27 AM
Updated 12/19/2019, 07:29 AM

By Jesse Cohen

Investing.com - U.S. stock futures were little changed on Thursday, with Wall Street’s major indices pointing to a flat open, as we wind down towards the year-end holidays next week.

The S&P 500 ended a five-day winning streak on Wednesday, but it still managed to hover near all-time highs around the 3,200-level.

The benchmark index has gained over 27% so far this year, rising in all but two months as investors cheered progress in trade relations between Washington and Beijing, three interest rate cuts by the Federal Reserve and upbeat economic data.

Meanwhile, the Dow Jones Industrial Average also achieved a new all-time high on Monday. The index is currently hovering at 28,300, having rallied by more than 21% year-to-date. There are seemingly few roadblocks in the way of the Dow hitting 30,000.

Market participants are hopeful that Santa Claus will deliver on his traditional end of year rally. Since 1950, no month has a stronger average return or has finished higher more often than December.

To see more of Investing.com’s weekly comics, visit: http://www.investing.com/analysis/comics

-- Reuters contributed to this report

Latest comments

ohhhh ny G O D
I wuf stocks!
Definitely it's going to well for months
well, last year we got coals
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.