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Dow, S&P end at record highs in brief pre-holiday trade

Published on Dec 25, 2013 9:19 AM
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Traders work on the floor of the New York Stock Exchange on Dec 24, 2013 in New York. United States (US) stocks scored modest gains on Tuesday as investors exercised restraint from making big bets in a short session ahead of the Christmas holiday, with the Dow and S&P 500 once again ending at record highs. -- PHOTO: AFP

NEW YORK (REUTERS) - United States (US) stocks scored modest gains on Tuesday as investors exercised restraint from making big bets in a short session ahead of the Christmas holiday, with the Dow and S&P 500 once again ending at record highs.

Markets closed early on Tuesday and will remain shut until Thursday for the holiday. Trading was extremely light during the day's abbreviated session, which ended at 1 pm EST (2am Singapore time).

Many market participants were out of the office on the day before Christmas. Volume is expected to remain muted throughout the week and the light trading could allow for greater volatility.

Both the Dow and S&P 500 continued to ascend to all-time highs, with the Dow reaching a record high for the fifth consecutive session, while the S&P 500's record streak stood at three days in a row. Further upside may be limited at these levels, especially in the absence of major trading catalysts.

 
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