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Wall Street Ends Holiday-Shortened Week Higher as Santa Claus Rally Kicks Off
US stocks closed a shortened trading week with over 1 percent gains, as investors entered the Santa Claus rally period despite subdued post-holiday trading.
US equity markets finished the holiday shortened week with solid gains, even as stocks traded mostly flat on Friday amid thin post-Christmas volumes. The Dow Jones Industrial Average hovered just below its recent record close, while the S&P 500 and Nasdaq Composite slipped modestly during the session. Despite the quiet finish, all three major indices advanced more than 1 percent over the week, marking a positive start to the traditional Santa Claus rally period.