The three major U.S. stock indexes opened higher on the 22nd.
As of 9:51 a.m., the Dow Jones Industrial Average on the New York Stock Exchange (NYSE) was up 79.42 points, or 0.16%, at 48,214.31.
The large-cap Standard & Poor's (S&P) 500 rose 27.47 points, or 0.40%, to 6,861.97, and the Nasdaq composite climbed 117.12 points, or 0.50%, to 23,424.74.
New York stocks are building expectations for a year-end Santa rally. The Santa rally originates from U.S. markets tending to rise over the final five trading days of the year and the first two trading days of the new year. Since 1950, the S&P 500 has gained an average of 1.3% during the last five trading days of the year and the first two trading days of January.
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