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☆ 86-year-old Anthony Hopkins — yes, Hannibal Lecter — has the most wholesome TikTok account on the internet
▼ + stars: | 2024-01-18 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAnthony Hopkins may be seared into our minds as Hannibal Lector from "The Silence of the Lambs," but he's just a cheery, 86-year-old man making wholesome videos on TikTok. Sunday vibe," Hopkins writes in his caption, accompanied by pizza and pasta emojis. There's something beautiful and melancholic about the light here at this time of year," Hopkins writes in his caption. Despite the zealous response to his videos, Hopkins admits to People he's "slightly reluctant" to film those videos whenever he's asked to.

Persons: —, Anthony Hopkins, Hannibal, he's, Charlie D'Amelio, chopsticks, Stella Arroyave, @anthonyhopkins Organizations: Service, Lambs, Business Locations: Santa Claus

☆ Macy’s is laying off workers and closing five stores
▼ + stars: | 2024-01-18 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

David McLane/NY Daily News Archive/Getty Images The first Macy's store, on New York's Sixth Avenue, is seen circa 1880. New York Times Co./Hulton Archive/Getty Images Workers sort parcels at a Macy's store circa 1942. Fritz Goro/The LIFE Picture Collection/Shutterstock Women show dolls to children at a Macy's store around Christmas in 1942. Fred Morgan/NY Daily News Archive/Getty Images The Radio City Rockettes march in the Macy's Thanksgiving Day Parade in 1966. Amy Sussman/AP Images for Macy's This Macy's store in West Palm Beach, Florida, was one of dozens of stores that the company announced it would be closing in 2017.

Persons: David McLane, Santa Claus, Fritz Goro, Bernard Hoffman, Rita Hayworth's, Nina Leen, Fred Morgan, Paul DeMaria, Jean, Erick Pasquier, Monica Almeida, Chris Hondros, Timothy Fadek, Andrew Craft, Eric Thayer, Eduardo Munoz, Andrew Kelly, Amy Sussman, Joe Raedle, Charles Krupa, Gary Hershorn, Macy’s Organizations: New, New York CNN — Veteran, CNN, Street Journal, Commerce Department, NY, The New, Historical Society, of Congress, Santa, Bettmann, . New York Times Co, Hulton, Getty, Keystone, Herald, Macy, City, Workers, Fayetteville Observer, USA, Reuters Shoppers, Reuters, Saxon Middle School Choir, Downtown Burlington High School, Corbis Locations: New York, ., France, Fayetteville , North Carolina, Bay Shore , New York, West Palm Beach , Florida, Burlington , Vermont, New York City, Santa Claus

☆ Take a look at the moment when Denmark's Queen Margrethe II signed her historic abdication, making her son King Frederik X
▼ + stars: | 2024-01-14 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +5 min

Denmark's Queen Margrethe II officially abdicated on Sunday after 52 years on the throne. His new title is King Frederik X.Margrethe — who ruled for 52 years — announced she was stepping down on New Year's Eve. Queen Margrethe II and her son Frederik X at the signing of the instrument of abdication at the Christiansborg Palace. After signing the declaration of abdication Queen Margrethe II of Denmark (C-R) leaves the seat at the head of the table to her son King Frederik X of Denmark. Advertisement"My Mother, Her Majesty Queen Margrethe II has ruled Denmark for 52 years," he said.

Persons: Margrethe II, Crown Prince Frederik, King Frederik X, Margrethe —, —, Margrethe II of, Margrethe, Europe's, Queen Elizabeth II, Queen Margrethe II, Frederik X, Mads Claus Rasmussen, Ritzau Scanpix, Frederik, Prince Frederik, Federick, Mette Frederiksen, Queen Margrethe II of Denmark, King Frederik X of Denmark, King Frederik X's, Christian, Crown Prince Christian, Queen Margrethe, Martin Sylvest Andersen, Princess Mary, Queen Mary, Princess Isabella, Prince Vincent, Princess Josephine, Samir Hussein, King Frederik IX, Nikolai Linares, King Erik Organizations: Service, AFP, Sunday, Associated Press, Crown Prince, AP Locations: Margrethe II of Denmark, Christiansborg, Copenhagen, Danish, Christiansborg Palace, Denmark, Kingdom of Denmark

☆ Crown Prince Frederik to become King of Denmark as Queen Margrethe II abdicates
▼ + stars: | 2024-01-14 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +10 min

CNN —For many in Denmark, Queen Margrethe II is the only monarch they’ve ever known. But on Sunday, a new era will get underway when she hands over to her son, Crown Prince Frederik. This means that she will be able to perform duties as head of state when both King Frederik or Crown Prince Christian are not able, such as if they were overseas. King Frederik X will rule alongside his Australian-born and hugely popular wife, Queen Mary – which will undoubtedly delight her proud admirers back home. “The story of Crown Prince Frederik and Crown Princess Mary of Denmark is one Australians have followed closely and hold dear to their hearts,” he said in a statement on Saturday.

Persons: Queen Margrethe II, they’ve, Crown Prince Frederik, King Charles III’s, of, Martin Sylvest Andersen, Frederik, Mary, Christian, Frederik VIII’s Palace, Margrethe, Kongens, Jørgen’s, King Frederik X, Queen Mary, King Frederik, Prince Christian, Frederik’s, Prince Joachim, Princess Benedikte, Mette Frederiksen, Frederik VIII, X, Christiansborg, Sixtus, Mads Claus Rasmussen, Ritzau Scanpix, Trine Villemann, Jens Otto Krag, Margrethe II, ”, Birgitte Borup, Berlingske, “, Danes, King Eric III, Borup, Queen Mary –, Mary Elizabeth Donaldson, Justin Tynan, King, Queen of, Anthony Albanese, Prince Frederik, Crown Princess Mary of, MADS CLAUS RASMUSSEN, Isabella, Vincent, Josephine, Mary’s, she’s Organizations: CNN, Guard, Squadron, State, Danish Royal House, Danish, Getty, “, Danes, British Locations: Denmark, Danish, Europe, Christiansborg, Copenhagen, of Denmark, Greenland, Faroe, Amalienborg, Frederiksgade, d’Angleterre, Holmens, Holmen, AFP, Sydney, Hobart , Tasmania, Darling Harbour, Queen of Denmark, Crown Princess Mary of Denmark, Tasmania, Australia

☆ First the Santa Claus Rally failed, now the First Five Days indicator is also negative
▼ + stars: | 2024-01-09 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

Despite a huge rally Monday led by tech stocks that drove up the S & P 500 by 1.4%, a second seasonal indicator is flashing red. First the Santa Claus Rally failed. Now the First Five Days indicator is also negative. The S & P 500 is down 0.1% in the first five trading days of the year. The Santa Claus Rally and the First Five Days indicator have failed together 9 times since 1969, according to the Stock Trader's Almanac.

Persons: Jeff Hirsch, Hirsch, There's Organizations: Santa Claus, Stock

☆ How plagiarism by Claudine Gay, Harvard's former president, compares to that of Neri Oxman, an academic and Bill Ackman's wife
▼ + stars: | 2024-01-05 | by ( Lloyd Lee | Madeline Berg | ) www.businessinsider.com time to read: +9 min

"Part of what makes her human is that she makes mistakes, owns them, and apologizes when appropriate," he wrote in a post on X following Business Insider's report on Oxman's plagiarism. That's a starkly different approach from the one he took toward Gay after she stepped down as president earlier this week. At the time, Ackman said she should be fired from Harvard's faculty entirely because of what he called "serious plagiarism issues." However, the instances of Oxman's and Gay's plagiarism have more similarities than differences, according to experts and an internal analysis. "It indicates a bad process to drafting this stuff, and I would say that's true for both Gay and Oxman," he said.

Persons: Neri Oxman, MIT who's, Bill Ackman, Ackman, Claudine Gay —, —, Gay, Jonathan Bailey, Bailey, Oxman, Steve Weiner, Daniel Wagner, Christopher Rufo, Christopher Brunet, Lawrence Bobo, Franklin D, — Lawrence Bobo, Gilliam, Jr, Bobo, — Claudine Gay, Anne R, Williamson, Peder Anker, Carol Swain, Swain, Claus Mattheck, Mattheck, David Covin, It's, Peder Anker's Organizations: MIT, Harvard, Gay, American Conservative, The New York Times, Miami University, Harvard Crimson, Vanderbilt University, National, of Struggle, O Movimento, Centers of Struggle Locations: Harvard, German, Luta, O, afoxés

☆ An options trade with no cost that wins if this is just a short market pullback and not a bigger sell-off
▼ + stars: | 2024-01-05 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +4 min

Naysayers and market bears were annihilated last year after a better-than-expected return for the S & P 500 ETF in the post mid-term election year of 2023. My bullish view is that the recent 2% drop in the S & P 500 reveals opportunity versus signs of a much larger pullback. .VIX 6M mountain The CBOE Volatility Index, 6 months My last input into this bullish view is looking at a chart of the S & P 500 ETF (SPY) . If you concur that equity markets should perform well in this first month of January in 2024, the below bullish risk reversal should allow you to capture a short-term move higher. This risk reversal is being used as an aggressive bull trade.

Persons: Santa Claus, jitters, Kilburg Locations: Santa

☆ Bill Ackman's celebrity academic wife Neri Oxman's dissertation is marred by plagiarism
▼ + stars: | 2024-01-04 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +11 min

Harvard's president, Claudine Gay, resigned after conservative activists revealed she had plagiarized. But for Bill Ackman, the plagiarism wasn't only cause for Gay's immediate ouster as Harvard's president — it also warranted her total removal from its faculty. AdvertisementGay resigned as Harvard's president on Tuesday. One remains: Kornbluth, the president of MIT, where Oxman wrote her thesis and worked from 2010 to 2020. "Stay tuned @MIT," Ackman replied.

Persons: Claudine Gay, Bill Ackman, —, Ackman's, Neri Oxman, Oxman, Ackman, Gay, Elle, Björk, Brad Pitt, Jeffrey Epstein, Sally Kornbluth, Kornbluth, Liz Magill, Steve Weiner, Daniel Wagner, Peder Anker, Claus Mattheck, Weiner, Wagner, MIT Oxman, George Reid Andrews, Andrews, Christopher Rufo, Magill Organizations: Harvard, Gay, Service, Israel's, Business, Massachusetts Institute of Technology, New York Times, New York's Museum of Modern Art, MIT, Boston Globe, Pershing Square Foundation, Pershing Square Capital Management, University of Pennsylvania, New York University, Royal Society of London, University of Pittsburgh, New York Post, Harvard Corporation, Ackman Locations: Gaza, Harvard's, New York City, German, New

☆ The ‘Santa Claus rally’ is in trouble, and that may signal weaker stocks
▼ + stars: | 2024-01-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The Santa Claus rally is in trouble. With one day left in the trade, the S & P 500 is down 0.1% in the past six days. Fortunately, a negative Santa Claus rally period doesn't happen very often, only 12 times since 1969 — less than 25% of the time. "That is 16 out of 16 years, which includes years with recessions, like 2020," Clifton notes. The outperformance is notable: The S & P tends to be stronger by 1.3% on average.

Persons: Santa Claus, Jeff Hirsch, Tom McClellan, Hirsch, Dan Clifton, Clifton, Biden, Jason Trennert, Strategas, There's Organizations: Santa, Treasury, Bloomberg Locations: Santa, Santa Claus, U.S, Strategas, Mexico, India, Taiwan, Pakistan, Indonesia, South Africa, Tunisia

☆ The S&P 500 could close at record on final trading day - that is a very rare market event
▼ + stars: | 2023-12-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

What little suspense is left in the year revolves around whether the S & P 500 can close at a historic high. Closing the year at a historic high is a fairly rare event — it's only happened eight times since 1926, and only four times since 1963, according to S & P Global: 2020, 2013, 1999, 1991, 1963, 1958, 1954, 1928. So far, the S & P is up 0.9% in these first four of the seven days. The S & P internals are almost the opposite of where they were a year ago. S & P 500: overbought and expensive: Relative Strength Indicator (RSI): 72 (overbought) % stocks over 50-day- moving average: 89% (high, overbought) Forward earnings P/E: 19.6 (expensive) Earnings growth: 11% (high) Markets are positioned very bullish.

Persons: Santa Claus, Ingersoll Rand, Parker, Eaton, General Mills, Hendrik Bessembinder, It's Organizations: Mastercard, Capital, American Express, Union Pacific, General, Nike, FedEx, Global, CFA, U.S Locations: Santa, Eaton, Hannifin, Wayfair, United States

☆ My boyfriend and I lived together for 28 years. We never spent a Christmas together.
▼ + stars: | 2023-12-23 | by ( Heide Brandes | ) www.businessinsider.com time to read: +4 min

In the 28 years we lived together, my boyfriend and I never spent Christmas together. In the 28 years I lived with my long-term boyfriend, we never spent a Christmas together. I didn't want my parents to spend Christmas aloneAfter my parents moved to from Oklahoma to North Carolina, I spent that first Christmas with them, telling myself it was to help them acclimate to their new home. AdvertisementHe and I went our separate ways, but it wasn't because we never spent Christmas together. I sometimes wish, when I think late at night of our life together, that we had spent at least one little Christmas together.

Persons: didn't, —, I'd, Eve, Santa Claus, frailty, would've Organizations: Service Locations: North Carolina, Texas, Oklahoma, Santa

☆ Santa Claus rally period starts on Friday with an average gain of about 1% the next 7 trading days
▼ + stars: | 2023-12-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Friday is the official start of the Santa Claus rally. What the Santa Claus Rally is, and isn't Over the years, Jeff Hirsch of the Stock Trader's Almanac has repeatedly told me the key to understanding the Santa Claus rally is that it is not a trading strategy, it is an indicator. Fortunately, a negative Santa Claus rally period doesn't happen very often, only 12 times since 1969 (less than 25% of the time). In the years when the Santa Claus period is negative, the S & P is up an average of only 5.0%, versus an average gain of 9.1% in all years. You can see this very clearly in this chart: The common explanation is that: 1) markets are stronger with a sitting president because a sitting President can pull levers to help the economy, and 2) markets tend to be weaker with no sitting president because of increased uncertainty around economic outcomes.

Persons: Santa Claus, Yale Hirsch, Ryan Detrick, I've, Jeff Hirsch, Hirsch Organizations: Carson Group, Santa Locations: Santa

☆ An options hedge on the stock market if the Santa rally fails to continue
▼ + stars: | 2023-12-21 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Then we'll review what I think will happen into year end and a possible market hedge idea. FedEx gave us a sense of how things are looking when they reported earnings Tuesday evening, and it wasn't good. We got all of them out of FedEx earnings, they hit a dinger, in a bad way, which disappointed the Street to say the least. Market downside reversal I was surprised when, after dipping slightly on the open the Dow Jones Industrial Average rallied mildly. Hedge The S & P 500 SPDR Trust (SPY) January $460 puts were $2.98 as of the close Wednesday.

Persons: we'll, Charles Dow, Ken Hoexter, Raj Sumbramaniam, I'm, Goldman Sachs, Apple isn't, Santa Claus, Today's Organizations: FedEx, The, Journal, Bank of America, Dow Jones Industrial, Depot, Caterpillar, Boeing, Honeywell, Nasdaq, Apple, Bollinger, FDX Locations: Tuesday's, Santa

☆ When it comes to explaining market sell-offs, look for the simplest explanation
▼ + stars: | 2023-12-21 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The simplest explanation for Wednesday's sell-off was that the market was dramatically overvalued and due for a pullback. Look at the Breakwave Dry Bulk Shipping ETF (BDRY). BDRY is essentially a play on global shipping, which is itself a play on the state of the global economy. There's an ETF for global shipping companies If you'd rather play global shipping companies directly, there's an ETF for that as well. The SonicShares Global Shipping ETF (BOAT) is a modified market cap weighted ETF that contains all the big global shipping companies: Kawasaki Kisen Kaisha, Mitsui, Euronav, Matson, AP Moller, Hapag-Lloyd, Maersk, COSCO Shipping, etc.

Persons: William of Ockham, overvalued, —, stupidly, overbought, Santa Claus, Matson, AP Moller, DBRY Organizations: Traders, Santa, Bulk Shipping, Global Shipping ETF, Kawasaki, Mitsui, Euronav, AP, Maersk, COSCO Locations: America, U.S, Hapag, COSCO Shipping, India

☆ A look at the Santa Claus rally history and whether it can happen into year-end this time
▼ + stars: | 2023-12-19 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

It turns out that the Santa Claus rally on Wall Street extends beyond the official seven-session stretch from December into January for the S & P 500 , according to Bank of America. The official seven-session Santa Claus rally encompasses the final five trading sessions of December and the first two days of January. Historically during that period, the S & P 500 has gained 79% of the time with an average return of 1.66%, Bank of America found. .SPX YTD mountain The S & P 500 is less than 1% away from reaching a fresh all-time high close. This year, the S & P 500 rallied 3.3% over the first 10 sessions of December, which ran through the 14 th of the month, Suttmeier found.

Persons: Santa Claus, Stephen Suttmeier, Suttmeier, Russell, Michael Bloom Organizations: Bank of America, Dow Jones Industrial Locations: Santa

☆ I was a child model. My short career ended because I was too shy and afraid to hug Santa.
▼ + stars: | 2023-12-18 | by ( India Kushner | ) www.businessinsider.com time to read: +4 min

During one photo shoot, I wouldn't hug Santa because I was shy and afraid of beards. While it was fun, my career never took off, but I enjoy the memories. AdvertisementHer photographer friend took my headshots, we submitted them to an agency, and my career as a child model began. AdvertisementWith the Santa shoot, where I wouldn't get near the man in the costume, I think the thing that scared me the most was the beard. Courtesy of India KushnerWhile my career was short, it's fun to look back at the photos and relive this unique part of my life.

Persons: —, motioned, Santa Claus, Kushner, Hanna Andersson, Patrick Demarchelier, I'm Organizations: Service Locations: India

☆ S&P 500 will surge all the way to 6,000 in 2025 in ‘Roaring 2020s’ scenario, says Ed Yardeni
▼ + stars: | 2023-12-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Widely followed Wall Street strategist Ed Yardeni issued a head-turning bull call on the stock market, seeing the S & P 500 soaring all the way to 6,000 in two years. The president of Yardeni Research raised his year-end 2025 target to 6,000, which represents a 30% leap from Monday's close of 4,622.44. His forecast assumes 2026 earnings for the S & P 500 of $300 per share, and a forward price-to-earnings ratio of 20. The S & P 500 just registered a six-week winning streak, bringing 2023 gains to 20%. .SPX YTD mountain S & P 500 "This year's Santa Claus rally started early," Yardeni wrote.

Persons: Ed Yardeni, Yardeni, Santa Claus, Michael Bloom Organizations: Yardeni Research Locations: Santa

☆ How every Club stock performed over the past 10 Decembers, a historically strong month
▼ + stars: | 2023-12-05 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

After closing at its highest level of 2023 on Friday , the first day of December, the S & P 500 fell Monday. A mixed picture is revealed when looking at how every Club stock has performed in December over the past decade. The best-performing Club stock over the past 10 Decembers is Broadcom (AVGO), which has an average gain of 7.1% in the month. Salesforce (CRM) is the worst-performing Club stock in December over the past decade, falling 4.53% on average in the month. Amazon (AMZN), Coterra Energy (CTRA) and Costco (COST) round out the bottom five December performers over the past decade.

Persons: Sam Stovall, Santa Claus, hasn't, It's, Thursday's, Estee Lauder, Eli Lilly, —, Jim Cramer's, Jim Cramer, Jim, Tayfun Organizations: GE Healthcare, Broadcom, Procter & Gamble, Wynn Resorts, WYNN, Salesforce, Ford, Palo Alto Networks, Coterra Energy, Costco, Amazon, Caterpillar, Jim Cramer's Charitable, CNBC, Wall, York Stock Exchange, Financial, Anadolu Agency, Getty Locations: Santa, Broad St, New York City, United States

☆ Wolfe Research says investors are too optimistic and sees the S&P 500 dropping 8% in 2024
▼ + stars: | 2023-12-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

If this year's early Santa Claus rally is any indication, investors may be getting too optimistic about the prospects of a rate cut early next year, according to Wolfe Research. The Dow Jones Industrial Average and S & P 500 hit fresh year-to-date closing highs on Friday. .SPX YTD mountain S & P 500 YTD chart Investors have been sending stocks flying on the back of expectations that the Federal Reserve will adopt more dovish policy next year. Senyek's base line scenario for 2024 sees these factors bringing the S & P 500 to 4,250 by year-end 2024, implying about an 8% drop. His bull case takes the S & P 500 up to 4,995 for a 9% gain, while his bear case calls stocks to plunge 22% to 3,565.

Persons: Santa Claus, Chris Senyek, Senyek Organizations: Wolfe Research, Dow Jones Industrial, Federal Reserve, Traders, pharma Locations: Santa, U.S

The New York Stock Exchange (NYSE) in New York City, U.S., February 24, 2022. Pressuring equities on Monday were higher U.S. Treasury yields, which made returns on stocks less attractive. However, some analysts have cautioned that markets have been too quick to price in lower interest rates. The S&P index recorded eight new 52-week highs and no new lows, while the Nasdaq recorded 46 new highs and 17 new lows. Reporting by Amruta Khandekar and Shristi Achar A; Editing by Anil D'Silva and Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Caitlin Ochs, Jerome Powell, It's, Sam Stovall, Stovall, Santa Claus, advancers, Amruta Khandekar, Anil D'Silva, Pooja Desai Organizations: New York Stock Exchange, REUTERS, Companies Alaska Air, Hawaiian Holdings, Dow, Nasdaq, Federal Reserve, Treasury, Nvidia, Apple, Traders, Research, Alaska Air Group, Dow Jones, Marathon, NYSE, Thomson Locations: New York City, U.S, New York, Santa, Israel, Red

[1/2] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 1, 2023. The Pentagon said it was aware of reports regarding attacks on an American warship and commercial vessels in the Red Sea on Sunday, while Yemen's Houthi group claimed drone and missile attacks on two Israeli vessels in the area. Such worries flared after Hamas’ Oct. 7 attack into southern Israel but subsided in recent weeks. Quincy Krosby, chief global strategist at LPL Financial, said a widening conflict could push some investors to take profits on the recent rally in stocks. Signs of an intensifying Middle East conflict could also boost oil prices, which have slumped in recent weeks.

Persons: Brendan McDermid, Yemen's, Quincy Krosby, ”, “, Phil Orlando, Federated Hermes, Santa Claus, Orlando, I'm, Krystal Hu, Ira Iosebashvili, Chizu Organizations: New York Stock Exchange, REUTERS, Hamas, Pentagon, Reuters, LPL, U.S ., Federated, West Texas, Thomson Locations: New York City, U.S, American, Israel, United States, Iraq, Iran, Santa

☆ Why Adults Are More Imaginative Than Children
▼ + stars: | 2023-12-02 | by ( Andrew Shtulman | ) www.wsj.com time to read: +1 min

The idea that children are imaginative but adults are not is a popular theme in children’s literature. “Do you really mean we won’t be able to hear that when we’re older?” asks one of the children. “You’ll hear all right,” explains Mary Poppins, “but you won’t understand.”In these stories, children are open to possibilities that elude the adult mind. They grasp extraordinary ideas that adults cannot fathom and have clever insights that adults do not appreciate. Children play elaborate make-believe games with their toys and role-playing games with their peers.

Persons: Charlie, Willy Wonka, Mary Poppins, ”, “, Santa Locations: Santa Claus

☆ Wall St Week Ahead Tax-loss selling, 'Santa rally' could sway U.S. stocks after November melt-up
▼ + stars: | 2023-12-02 | by ( David Randall | ) www.reuters.com time to read: +5 min

The key catalyst for stocks will likely continue to be the expected trajectory of the Federal Reserve's monetary policy. In September, historically the weakest month for stocks, the S&P 500 fell nearly 5%. The S&P 500 gained nearly 9% gain in November, historically a strong month for the index. Overall, December has been the second-best month for the S&P 500, with the index up an average of 1.54% for the month since 1945, according to CFRA. Many other names have languished: The equal-weighted S&P 500, whose performance is not skewed by big tech and growth stocks, is up around 6% in 2023.

Persons: Mike Segar, Santa Claus, Stocks, We've, Sam Stovall, Claus, Kraft Heinz, BofA, Sameer Samana, Dow, Michael Hartnett, David Randall, Ira Iosebashvili, Richard Chang Organizations: New York Stock Exchange, REUTERS, Federal, Research, Investors, LPL, BofA Global Research, PayPal Holdings, CVS Health, Kraft, Wells, Investment Institute, Nvidia, Dow Jones, Coinbase Global, Innovation, Thomson Locations: Manhattan, New York City , New York, U.S, Santa, New York

☆ Analysis: The 2023 stock rally is back on track
▼ + stars: | 2023-12-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —The US stock market has rebounded from its months-long rut. Stocks finished out their best month of the year on Thursday, breaking a three-month streak of declines for all the major indexes. “The only way I see a rally continuing is if the bond market behaves itself,” said Richard Steinberg, chief market strategist at The Colony Group. While those stocks have remained at the top of Wall Street’s scoreboard, the recent rally has encompassed a wider range of stocks. Long-neglected pockets of the stock market, from beaten-down financials to small-caps to cyclical stocks, have climbed higher in recent weeks.

Persons: Stocks, ”, Richard Steinberg, “, Santa Claus, Ned Davis, Anna Cooban, Elisabeth Buchwald, Nelson Peltz, Nelson Peltz’s, Bob Iger, ” Trian, Trian, Trian’s, Morgan Stanley, James Gorman, Sky Jeremy Darroch, ” Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Nasdaq, Dow Jones, Treasury, The Colony, Wall Street, Ned Davis Research, Organization of, Petroleum, Saudi Press Agency, Ministry of Energy, Saudi, United Emirates, Reuters, Disney, Management, Peltz, Sky Locations: New York, Santa, OPEC, Saudi Arabia, Vienna, Russia, Iraq, United, Kuwait, Kazakhstan, Algeria, Oman, Brazil, Brazil’s

☆ Dow gains 520 points as US stocks notch their best month this year
▼ + stars: | 2023-11-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

New York CNN —The Dow reached a new high for the year Thursday as easing inflation data and strong third quarter earnings from Salesforce shot the benchmark index 520 points, or 1.5% higher. The S&P 500 rose more than 8% this month and the Nasdaq was up about 10%, marking their best month since July 2022. The Dow, meanwhile, managed to shake off a three-month losing streak, also rising by about 8.8% and notching its best month since October 2022. October’s Personal Consumption Expenditures Index, the Fed’s favored inflation gauge, fell to its lowest level since the spring of 2021. Analysts expect that the stock market’s strong performance will continue through December in a so-called Santa Claus rally.

Persons: Dow, John Williams, it’s, Santa Claus, “, ”, Cory Mitchell Organizations: New, New York CNN, Nasdaq, Nvidia, Meta, of Labor, Federal Reserve, New York Fed, Saudi Press Agency, Analysts Locations: New York, United States, Saudi Arabia, Santa

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