Stock Rally Stalls in Sleepy Wall Street Session: Markets Wrap
- US continuing claims rise to highest in more than three years
- Bitcoin falls with record-breaking year beginning to wind down
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Stocks wavered in a quiet post-holiday session as mixed jobless claims data did little to alter bets on the Federal Reserve outlook.
Equities struggled to gain traction after a rally that sent the S&P 500 to its best Christmas Eve performance since 1974, according to data compiled by Bespoke Investment Group. With major European markets closed, volume in the US equity gauge was well below the average of the past month.