Wall Street: Towards a continuation of the Christmas rally


(CercleFinance.com) – The main US equity indices could start the session on a positive note if we are to believe the futures (+ 0.3% on the S & P500, + 0.5% on the Nasdaq-100), the appetite for the risk remaining dominant among investors.

“The S & P500 index hit a closing record, driven by the distribution sector, with retail sales increasing 8.5% between November 1 and December 24 in the United States,” recalls Kiplink Finance.

‘Investors remain confident about the ability of economies to resist despite the rapid spread of the Omicron variant’, notes the management company, especially since, according to it, states’ are mainly seeking to reduce the negative impact of the epidemic on the activity ‘.

Kiplink also points to the will reaffirmed day after day by the Chinese authorities to avoid a hard landing of the economy, as well as the hope of an improvement in relations between Russia and the West with meetings scheduled for January.

‘Seasonal trends should help risky assets this week, with Wall Street hoping for a Christmas rally. Historically, during the last five sessions of a year, the S&P 500 has been positive almost 80% of the time since 1928 ‘, estimates for its part Wells Fargo.

The Californian bank also highlights the good performance of the technological giants the day before, with in particular a gain of 2.3% for Apple which ended up at nearly $ 3 trillion in market capitalization.

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