S&P 500 ends lower after four-day rally to record high

The S&P 500 closed slightly lower after hitting a record intraday high on Tuesday in thin trading as investors weighed Omicron-driven travel disruptions and store closures

Markets are in the seasonal Santa Claus rally, with CFRA Research data showing the S&P 500 has on average risen 1.3% in the last five trading days of the year, and first two days of the new year since 1969.

The Federal Reserve signaled earlier this month three quarter-percentage-point interest rate hikes by the end of 2022 as the economy nears full employment and the U.S. central bank copes with an inflation surge. L1N2SZ1G5

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow notches 5-day winning streak, S&P 500 dips from record as investors weigh omicronU.S. stocks were mixed Tuesday as the major stock indexes looked to build on record highs in the final week of the year. The Dow rose 0.27%. The S&P 500 was down 0.10%. The Nasdaq lost 0.56%.
Read more »

S&P 500 pauses at record high after four-day rallyThe S&P 500 hit a record high on Tuesday as conviction in the U.S. economy helped investors shrug off concerns over Omicron-driven travel disruptions and store closures, following a four-day rally for U.S. stocks amid thin trading volumes.
Read more »

S&P 500 closes at record, Dow adds 350 points as investors look for Santa rallyU.S. stock indexes rose Monday as markets reopened after the Christmas holiday and investors assessed the spread of the omicron variant. The Dow was up 0.98%. The S&P 500 and the Nasdaq both gained 1.39%.
Read more »

S&P 500 Index: Three boosters for the Santa Rally to backfire once the festive season concludesThe S&P 500 has hit new all-time highs amid optimism about Omicron. There are three major drivers for the upbeat mood, but they could easily reverse a
Read more »

S&P 500 opens at record after holidays, but airline shares slide following Covid cancellationsU.S. stock indexes rose Monday as markets reopened after the Christmas holiday and investors assessed the spread of the omicron Covid-19 variant.
Read more »

Stock Futures Are Little Changed After S&P 500 Hits Another Record HighStock futures were quiet after the S&P 500 closed at a record high on Monday.
Read more »