Major Stock Indexes Climb More Than 1%
02/01/2021 | 04:29pm EDT
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By Caitlin Ostroff and Paul Vigna U.S. stocks rebounded Monday, with major benchmarks recovering some ground following their worst week since October and the online day-trading crowd setting its sights on the silver market. The Dow Jones Industrial Average rose 1% to 30283, the S&P 500 gained 1.7% and the Nasdaq Composite climbed 2.5%. The gains put the S&P 500 on track to move back into positive territory for the year. Stocks had a rocky January, both setting records and getting roiled by day traders using Reddit and social media to coordinate and drive trading of heavily shorted stocks like GameStop. The latter sparked a volatile wave of trading that rocked a number of large hedge funds.
Nach finsterer Handelswoche: Wall Street berappelt sich wieder
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MÄRKTE USA/Wall Street mit Erholung nach Wochenverlust
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Will the historic Santa Claus Rally repeat in 2020-21 with holiday stock gains? - That’s Rich! recap
Updated Dec 27, 2020;
Posted Dec 27, 2020
Called the Santa Claus Rally, the Christmas Eve to early January period has been positive on the stock market in 55 of the last 70 years.Andrea Levy, Advance Local
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CLEVELAND, Ohio - Historically speaking, the holiday season is among the best times of the year for the stock market.
“The last five trading days of the year and the first two trading days of the next year are defined as the Santa Claus Rally,” explains Greg Harmon, a professor of banking and finance at Case Western Reserve University with experience as an investor and as a banking executive.