Dow ends higher for fifth straight daily gain as stocks attempt to score Santa rally
The Santa Claus rally refers to a seasonal tendency for the S&P 500 to rise over the last five days trading days of a calendar year and the first two of the new year. U.S. stocks pared early losses on Thursday, with the Dow wavering in and out of positive territory in recent trade.
The tech-heavy Nasdaq Composite fell 1.58% while the S&P 500 lost 1.12%. The Dow Jones shed 333 points to end the day.
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