The US stock market will close positively, up today, measured by the main US stock market indices, according to Wolfteam Ltd.'s estimates.
The Christmas stock rally is alive and well. This documented seasonality of the US stock market is fed by the recently signaled pivot to lowering the target Federal Funds Rate and thus overall interest rate levels by the Federal Reserve.
Las year, US stock indices lead by the Nasdaq Composite fell a lot, so in 2023 the correction upward was more likely, which influenced positive stock market trading days' closes on most of the 2023 trading days.
Today's trade will most probably be thin, because of the intermittent working between the holidays days.
Even a small positive bias should drive the S&P 500, DJIA and the Nasdaq Composite higher today, the 28th of December 2023.
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