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As Santa Rally Begins, Wall Street Closes on High Note

By Ilene
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Santa Rally season on Wall Street. Photo: Getty Images

As Santa Rally Begins, Wall Street Closes on High Note 

The stock market is showing signs of resiliency in the Santa Rally phase of the year. 

Reporting by Medha Singh and Purvi Agarwal in Bengaluru and David French in New York; REUTERS

Wall Street’s main indexes all closed higher on Tuesday, with gains in megacap and growth stocks bolstering benchmarks in a truncated Christmas Eve session.

Both the Dow Jones Industrial Average and Nasdaq Composite scored four straight sessions of gains, with the S&P 500 taking its winning streak to three sessions, marking the first day of the seasonal Santa Claus rally.

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