This week is likely to continue to see lower trading volume than usual in the run-up to the New Year holidays. However, market participants in attendance today were in good spirits, and major indices closed higher to start the holiday-shortened week.
When the closing bell rang, the Dow Jones Industrial Average S&P 500 gained 0.4% to 4,774, ending about 0.5% from its all-time closing high of 4,796.56 on January 2, 2022, and the Nasdaq Compound
With just a few sessions left in 2023, "the S&P 500 still has a chance to hit an all-time high and extend its streak of bullish weeks to nine, which would be its longest streak since 2004," says Chris Larkin, managing director of operations. and invest in E*TRADE from Morgan Stanley
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Larkin adds that the recent rise in the stock market is quite strange. "Since 1957, nine of the S&P's 17 previous eight-week winning streaks reached the ninth week, but only three of them reached 10 weeks."
Home prices continue to rise
An update to home prices was the only data on today's economic calendar. Specifically, the 20 cities S&P CoreLogic Case-Shiller National Home Price Index
"House prices tilted towards the highest level mortgage rates Brian Lucas
In fact, "mortgage yields exceeded 8% [in October]progressively preventing existing homeowners at near-record rates from selling their residences and relocating, as higher financing costs make that change more expensive," he says Jose Torres
Intel Stock Rises on $25 Billion Investment News
In individual stock news, Intel Intel For its part, it will receive more than $3 billion in incentives from the Israeli government.
INTC has been one of the best Dow Jones Stocks a big disappointment in the long term
According S&P Global Market Intelligence
On the other hand, financial world analysts expect these S&P 500 stocks
FedEx Announces Accelerated $1 Billion Share Buyback Program
Elsewhere, Fedex
Despite the post-earnings sell-off, Baird analyst Garrett Holland industrial stocks
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