The Dow Rose Nearly 400 Points. Let the Santa Claus Rally Begin.
The Santa Claus rally got off to a jolly start in Tuesday’s holiday-shortened session. The Dow rose about 391 points, or 0.9%, through the 1 p.m. ET close. Only about 40 S&P 500 stocks declined on the day, and all 11 S&P 500 sectors closed higher.