Wall Street rally pauses near records in Christmas Eve session
- The S&P 500 and the Dow industrials slipped in a shortened, pre-Christmas session on Tuesday, as investors paused after a record-setting rally fueled by improving U.S.-China trade relations that has put the market on course for its best year since 2013.
“It’s a quiet market after a week of gains,” said Quincy Krosby, chief market strategist at Prudential Financial in Newark, New Jersey. “Compared with last year at the same time, it’s a major relief as we go into the period of much lower volume.” The Dow Jones Industrial Average fell 36.08 points, or 0.13%, to 28,515.45, the S&P 500 lost 0.63 point, or 0.02%, to 3,223.38 and the Nasdaq Composite added 7.24 points, or 0.08%, to 8,952.88.Volumes are expected to be thin this week as traders settle in for the holidays. The main U.S. stock exchanges closed at 1 p.m. ET on Tuesday and remain shut on Wednesday.
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