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Holiday cheer lifts Wall Street as benchmark indices set new records
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Wall Street extended its year end momentum on Wednesday, with major U.S. indices closing at fresh record highs during a holiday shortened trading session. The advanced 288.75 points, or 0.60%, to finish at 48,731.16, reflecting broad based buying across industrial and cyclical stocks. The added 22.26 points, or 0.32%, to settle at 6,932.05, marking another all time closing high as investors leaned into the traditional Santa Claus rally period.