Santa Claus Rally has started, historically positive for market with stocks hitting all-time highs.

From Nasdaq: 2024-12-24 12:02:00

The S&P 500 is down 1% in December, but historically, the days around Christmas are bullish. The Santa Claus Rally started today and lasts for seven days, with the S&P 500 typically gaining 1.3% on average and being positive 80% of the time since 1950.

Stocks like Astera Labs, Palantir, and Apple are hitting all-time highs. Astera Labs’ stock has surged 300% since March, while Palantir and Apple have soared over 380% and 30% respectively in 2024. The Santa Claus Rally is a positive indicator for stocks.

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Read more at Nasdaq: Famed Santa Claus Rally Begins: Stocks to Watch