Stock Market Today: Dow ends 420 points lower as traders take profits ahead of New Year's Eve
U.S. stocks ended sharply lower on Monday as some traders took profits before the end of the year, dimming hopes for the “Santa Claus rally.” The Santa rally speaks to a seasonal tendency for the S&P 500 to rise over the last five trading days of a calendar year and the first two trading days of the new year.
1don MSN
And investors have responded by reverting to familiar behaviors — namely, bidding up shares of megacap technology giants.
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