Thursday, December 24, 2009

St. Nick Drops in on Wall Street

As expected, the jolly old Santa Claus Rally began today with modest gains in a shortened session. Stocks posted gains right from the opening bell, with little inducement to sell shares.

Dow 10,520.10, +53.66 (0.51%)
Nasdaq 2,285.69, +16.05 (0.71%)
S&P 500 1,126.48, +5.89 (0.53%)
NYSE Composite 7,255.00, +37.80 (0.52%)


Advancers beat decliners, 4288-1962. There were 663 new highs and just 66 new lows. Volume was extremely thin.

NYSE Volume 1,413,204,625
Nasdaq Volume 631,728,687


Oil gained 43 cents, closing at $77.10. Gold was up $10.80, to $1,104.80. Silver finished 25 cents higher, at $17.44.

Everybody left happy.

Merry Christmas

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