Markets surged on Monday, but any hopes for a Santa Claus rally will have to wait until next week. After Monday’s spike, stocks didn’t do much in a shortened trading week defined by light volume. A similar setup is in place next week, as the market will be closed on January 1.
Despite the recent pullback, there is still upward pressure on stock prices. This trend is particularly noticeable in small-cap stocks and the Russell 2000 index. That could mean the market is setting up for a significant January effect.
We hope you’re enjoying the Holiday season. Whether you’re actively trading or not, you can count on the MarketBeat team to keep you updated on the stocks and trends moving the market. Here are some of our most popular stories from this week.
