Wow.
Stocks are flying high again.
Looks like the Recession is over.
Consumers are spending like crazy …..
Ho Ho Ho.
Santa Claus Rally has started.
New York
CNN
—
Here comes the Santa Claus market rally.
Stocks surged Wednesday as investors cheered healthy results from two of America’s leading companies and a surprisingly strong reading on consumer sentiment.
The Dow was up more than 500 points, or 1.6%, after FedEx (FDX) and Dow component Nike (NKE) each reported earnings that topped analysts’ forecasts. FedEx (FDX) rose 4% and Nike (NKE) soared nearly 14%.
The S&P 500 and Nasdaq each gained more than 1.5% as well.
Source: https://www.cnn.com/2022/12/21/investing/dow-stock-market-today/index.html
