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Pivotal releases from the Bureau of Labor Statistics and the Federal Reserve are expected to shift markets on December 12th and 13th.
The Santa Rally refers to a tendency for markets to move higher in the final couple of weeks of the year. While the cause is debated, history shows that the S&P 500 has averaged a 1.3% gain during the last week of the year. Could this year see a Santa Rally?
On Wednesday, major US Indices dropped in value as C3.ai and AMD revealed interesting figures to traders.
WTI fell to a 5-month low on Tuesday due to uncertainty around OPEC+ cuts and increased API stocks. With concerns over demand growing and US production at record highs, crude declined for its fourth consecutive session.
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