U.S. stocks were at record highs on Christmas Eve, with the S&P 500 hitting a fresh intraday record. However, the real gift from Wall Street comes on December 26, historically the most reliably positive day of the year for the index. The day after Christmas has seen the largest average and median gains of the entire calendar year, with the market only declining six times since 1953. This year’s session will mark the second day of the “Santa Claus rally” period, with high stakes as negative returns have occurred in the past two years. U.S. stocks traded higher on Wednesday, with the S&P 500 up 0.3%.

Read more at Yahoo Finance: For investors, the real gift from Wall Street comes a day after Christmas