Stocks traded slightly up on Christmas Eve
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Stocks traded slightly up on Christmas Eve

December 25, 2008 – 9:57 pm – No Comment

Santa brought a little gift to investors on Christmas eve; an end to the five day losing streak in the market.

Christmas Eve is a quiet trading day on Wall Street, but it was enough to increase the Dow Jones Industrial average by half a point. Companies like Delta benefited as oil prices fell further to under $38 a barrel. Large retailers Wal-Mart and Target also did well as last minute shoppers packed their stores.

It wasn’t exactly the “Santa Claus” rally of some people’s dreams, but it was an end to the 5 day slump.

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Jeremy
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