The averages started climbing late in the afternoon to +0.5% only to fall precipitously, losing session gains, but closing out its second-best week of the year. The oils rose plus 5% for the session and gold fell below 1194.00.
By 4 pm investors were enjoying the 'spoils' of the Santa Claus rally and are in a party mode.
Premarkets were up +0.4% following yesterday's the DOW's 400 point rise. The markets opened up as expected, but then some short-lived heavy selling dropped the averages to yesterday's closing numbers. The DOW went negative for a few minutes and climbed back into the green and sea-sawed sideways.
By 10 am the averages were trying to edge upwards with investors dipping their toes to test the waters.
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