Stocks Finish Near Record Highs
All three major U.S. equity averages gained over 1.2% last week, with the S&P 500 posting its fourth weekly advance in five weeks. Stocks ended the shortened Christmas trading week near all-time highs, with the S&P 500 and Dow Industrials both setting records on Wednesday to start the "Santa Claus rally" period (the last five trading days of December and first two sessions in January).
The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.