The Wall Street ended up the day on a high note
The Wall Street ended up the day on a high note as traders looked to extend four days of gains that drove the S&P 500 to levels reached just before Lehman Brothers went bankrupt two years ago. In premarket trading, materials and banking stocks were stronger.
Wayne Kaufman, chief market analyst at John Thomas Financial in New York said: "They're just trying to close out the year well. "A lot of the bearish patterns or indicators over the last few weeks have failed, and a failed bearish setup is very bullish."
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