JL La NYSE reached new highs in the short session on Wednesday, before Christmas, due to the expectation of expected profit growth in 2026.
The Dow Jones (+0.60%) and the expanded index S&P 500 (+0.32%) closed with new records, standing at 48,731.16 points and 6,932.05 points, respectively. The Nasdaq index advanced 0.22%.
Wednesday’s day, which exceptionally ended at 18:00 GMT instead of at 21:00 GMT, marked the beginning of the “Santa Claus rally“, when the last five sessions of the year are usually favorable for investors.
“There is a slight seasonal bias at stake and, for the moment, there is no bad news to change the trend,” he told AFP Patrick O’Hareof Briefing.com.
On Tuesday they met economic results of USAwith a growth of 4.3% in annual projection in the third quarter, above expectations.
These results “reinforced investors’ confidence in the companies’ ability to have strong profit growth,” he explained. Jose Torresof Interactive Brokers.
Gold surpassed $4,500 for the first time and silver surpassed $72, as investors look for safe bets on the military and economic pressure of USA to Venezuela.
In shares, the sports clothing and equipment group Nike gained 4.66% until $60.01.
Apple CEO Tim Cookbought nearly three million dollars in shares of Nikeaccording to a document presented to the Securities and Exchange Commission (SEC, in English).
The American Dynavaxwhich markets a hepatitis B vaccine for adultswas valued by 38.19% to $15.38, following the announcement of the acquisition of the French pharmaceutical company Sanofi, which valued it at nearly $2.2 billion.
Economic expansion
In year-on-year terms, the world’s leading economy expanded by 4.3%, according to data published on Tuesday by the Office of Economic Analysis (BEA), a level above what analysts expected and the highest since the third quarter of 2023.
Still, operators hope that the Federal Reserve (Fed) cut interest rates again at its January meeting.
On the other hand, analysts expect a year-end stock market rally popularly known as ‘Santa Claus rally‘, which takes place between the last five trading days and the first two of the new year, according to the CNBC portal.
The stock exchange will remain closed tomorrow for Christmas and will reopen on Friday at its usual schedule.
