As Canadian hunted for bargains in stores and online, Wall Street traders pushed the Nasdaq past 9,000 for the first time ever. Despite light holiday trading, the Nasdaq rallied 0.8% to close at 9,022.
A major factor was Amazon, which announced its best holiday season ever. Amazon stock rose 4.45% Thursday. Another e-giant, Facebook, gained 1.3%. The S&P didn’t do too badly either, climbing 0.51%, while the Dow gained 0.32%. By the way, those indices made new records too. American traders remain optimistic about U.S.-China trade.
Clearly, the Santa Claus rally is in overdrive this year and shows no signs of abating. On Friday, the rest of the world including the TSX resumes trading.