Hopes for a ‘Santa Claus Rally’ Fade on Wall Street
The Grinch might be coming for Wall Street this holiday season. After a gangbusters year for the S&P 500, traders have been watching for a rally heading into 2025 to put the cherry on the cake. Stocks tend to rise in what is known as a “Santa Claus rally” over the period that spans the last five trading days of the year through the first two of the next.