A series of gains for the Dow Jones Industrial Average is setting the stage for its best start to a December, a notably bullish month for stocks, since 1997, according to Dow Jones Market Data.
A series of gains for the Dow Jones Industrial Average DJIA, +1.40% is setting the stage for its best start to a December, a notably bullish month for stocks, since 1997, according to Dow Jones Market Data.
At last check, the Dow was up 544 points, or 1.6%, to around 35,768, up nearly 1,200 points in the past two sessions. Concerns about the Federal Reserve’s monetary policy plans also haven helping to cap gains for investors. The Fed is expected to accelerate the tapering of monthly purchases of Treasurys and mortgage-backed securities, which had buttressed the market during the height of pandemic volatility but have been deemed unnecessary as evidence of surging inflation grows.
So how does the Dow perform when it sees a gain of at least 3% in the first five sessions in December?
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