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After The Christmas Holiday Wall Street Continue Strengthening

New York (Benchmark News) – Wall Street ends higher on Monday (27/12/2016), with the composite index Nasdaq struggled a new closing record, as investors weigh the economic data particularly on the first day of trading after the long Christmas holiday.

Index Dow Jones Industrial Average rose 11.23 points or 0.06 percent to close at 19,945.04 points. S&P 500 index increased 5.09 0.22 points or percent to end at 2,268.88 points, and the Nasdaq composite index rose 24.75 points or 0.45 percent to 5,487.44 points.

Consumer confidence index released by The Conference Board came across 113.7 in December, up from 109.4 on Nov.

Trading volume is expected to become thin on Tuesday as investors had little news to digest and global equity markets is largely unchanged.

“This week into next week when investors usually see the fabled ‘ Santa Claus Rally ‘,” said Stephen Guilfoyle, President of Sarge986.

“Now we have to write with a pencil the next correction, or even the test subsequent to 4 January, we all know that the exam for a decline is out there, somewhere,” he added.

In overseas markets, European equities closed slightly higher on Tuesday in thin trading. Germany DAX index on the Frankfurt Stock Exchange rose thin 0.19 per cent, while the FTSE 100 index increased United Kingdom 0.06 percent.

In Asia, Chinese stocks down on Tuesday because of capital market remained tight, with the Shanghai Composite Index down 0.25 per cent to 3,114.66 points.

The US market is closed on Monday (26/12) for the Christmas day holiday …. (Red)

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