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Santa Claus rallies are a 'meaningful' trend, says financial advisor: What one could mean for investors this year

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Santa Claus looks on at the 98th Annual Christmas Tree lighting ceremony at the New York Stock Exchange on Dec. 1, 2021 in New York. Bryan R. Smith | Afp | Getty Images If history is a guide, stock investors may be poised to get a gift over the holidays. U.S. stocks often gallop at year-end, delivering higher returns for investors . The trend , known as the "Santa Claus rally," encompasses the last five trading days of the calendar year and the first two of the new year. related investing news Here's what most investors think will happen with the stock market next year Carmen Reinicke 21 hours ago In the past two decades, the S&P 500 Index — a barometer of U.S. stock performance — has increased by 0.7% a year, on average, over those seven trading days, according to FactSet data. The S&P 500 was positive during those seven days in 15 of the 20 years — or, 75% of the time, FactSet found. The trend holds when looking further back, too. During that particular seven...

Thousands of workers at 15 U.S. airports plan rallies and strikes in support of better working conditions

Airport workers across the country are rallying and walking off the job Thursday to draw attention to their current working conditions and legislation that could improve them. Workers at 15 U.S. airports, including ones in Dallas, Los Angeles, Miami, New York City and Phoenix, plan to participate in on-site rallies. Formal strikes — which could disrupt operations — are planned at Boston's Logan International Airport, Chicago's O'Hare International Airport and the Newark Liberty International Airport. The actions are expected to take place throughout the day and will see cabin cleaners, baggage handlers, janitors, security guards, wheelchair attendants and others participate. “Airport workers like me and working people all across the economy are fed up,” Verna Montalvo, a cabin cleaner at Dallas/Fort Worth International Airport, said in a statement provided by the Service Employees International Union, which is planning the action. The rallies are in support of the Good Job...