New York Stock Exchange Closes New Record On 'Santa Rally' Expectations

2024.11.30. AM 04:55
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The Dow Jones 30 Industrial Average and the Standard & Poor's 500 hit all-time highs in New York as expectations that the "Trump rally" would lead to a Santa rally in December led to investor sentiment.

On the New York Stock Exchange, blue-chip group Dow closed 0.42% higher at 44,910.65.

The S&P 500, based on the stock prices of the top 500 listed companies, rose 0.56% from the previous session to 6,032.38, while the tech-heavy Nasdaq Composite recorded 19,218.17, 0.83% higher than the previous session.

In particular, the Dow and the S&P 500 broke their all-time record in two trading days and even set new all-time closing records.

Experts predicted that the stock market would have more room to climb as the stock market has been moving without any problems since the presidential election and the "Santa Rally," a trend that stocks tend to rise between late December and early January, is predicted.




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