Stocks Yawn After the Holiday as 'Santa Claus' Rally Takes A Pause

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Wall Street struggled to extend its "Santa Claus" rally post-Christmas, with light trading leaving stocks searching for direction. The Dow Jones inched up 28 points, flipping between green and red, while small caps outperformed, pushing the Russell 2000 up 0.9%.

💻 Bitcoin slid to near $96,000 as crypto volatility dragged down related stocks like MicroStrategy. Meanwhile, the S&P 500 and Nasdaq edged closer to their records after Tuesday’s holiday cheer saw the best Christmas Eve performance since 1974.

📊 The spotlight turned to jobless claims, with weekly claims dropping to 219,000, beating estimates of 223,000. However, continuing claims surged to 1.91 million — the highest since 2021 — signaling a cooling labor market.

Can the "Santa Claus" rally keep delivering, or will the bears steal the show? 🎅📉

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Timestamps:
0:00 Like & Subscribe
0:32 Stock Market Live
5:24 The Charts
10:58 Sentiment & Seasonality
15:09 The Economy

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