The S&P 500 continues to hit new highs, with the Santa Claus rally supporting the rise of U.S. stocks

According to Jinshi News, during the holiday's light trading, the S&P 500 index continued its upward trend, heading towards a historic high. Nvidia's stock price rose, with analysts optimistic about its licensing agreement with AI startup Groq. Despite scrutiny over the optimistic expectations regarding the AI boom and the Federal Reserve's interest rate outlook, the market remains focused on the "Santa Claus rally," which refers to the rise in the last few trading days of the year into early January. Piper Sandler's chief market technician Craig Johnson stated that the market is expected to maintain a structural trend in the last four trading days, but is becoming more differentiated.