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NASDAQ LATE TO NEW YEAR PARTY
The Nasdaq Composite .IXIC was a laggard on Friday, being the only major stock index to end in the red, but given light trading volume the day after the New Year holiday it is too soon to make any conclusions on how tech stocks are likely to look this year.
The Dow Jones Industrial Average .DJI was the best performer, ending up 0.66% on the day.
There is now only one day of trading left to see whether the Santa Rally materializes with the period it covers, the last five trading days of the year and the first two trading days of the new year, ending on Monday.
The S&P 500 .SPX is currently on track for a 0.74% loss for this period, after posting only a 0.19% gain on Friday.
Sector-wise, energy .SPNY and industrials .SPLRCI led gainers on Friday, while consumer discretionary .SPLRCD and communication services .SPLRCL took the biggest losses.
Here is Friday’s closing market snapshot:
(Karen Brettell)
EARLIER ON LIVE MARKETS:
INDIVIDUAL INVESTOR BEARS LOWEST SINCE OCTOBER 2024 - AAII CLICK HERE
IN LIKE A LAMB: S&P GLOBAL PMI SHOWS FACTORY ACTIVITY EXPANDED IN DECEMBER CLICK HERE
A GREEN START TO THE YEAR CLICK HERE
IN A PHOTO FINISH, GROWTH EDGED MOMENTUM IN 2025 CLICK HERE
A GOOD FIRST DAY COULD BE A BAD SIGN FOR THE YEAR CLICK HERE
DON'T EXPECT THE BOJ TO RUSH, SAY ING CLICK HERE
STRONG START TO 2026 CLICK HERE
EUROPE BEFORE THE BELL: OFF WE GO AGAIN CLICK HERE