Stock Market Today: Dow ends 420 points lower as traders take profits ahead of New Year's Eve
Every year, investors look forward to the “Santa Claus rally,” a period that encompasses the final five trading days of December and the first two trading days of the new year. Since 1950, the S&P 500 has gained, on average, 1.3% during this stretch, while finishing higher nearly 80% of the time, according to Dow Jones Market Data.
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Some businesses and institutions close early for New Year’s Eve on Tuesday, Dec. 31, 2024, and stay closed on New Year’s Day. Some will also have modified hours on Wednesday, while others will close ...
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