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On Wednesday, major US Indices dropped in value as C3.ai and AMD revealed interesting figures to traders.
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?
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.
Monday was an eventful day for stock traders as Spotify announced it would layoff workers, it was officially confirmed that Uber would join the S&P 500, and Starbucks hit a record low.
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