From Dow Jones & Company:

The Santa Claus rally failed to deliver on Wall Street. The S&P 500 usually rises during the last five trading days of the year and the first two trading sessions of the new year, though the market dropped 0.9% over the Santa Claus rally period from December 22 to January 3. The Nasdaq Composite fell 2.5% over that time span, and the Dow Jones Industrial Average eked out a modest gain of less than 0.1%. The failure to rally is seen as a signal for more rough times ahead for the stock market, while U.S. stocks finished lower on Wednesday.



Read more: Stock market fails to stage a ‘Santa Claus rally’ in rough start to 2024