Saturday, 21 November 2015

Stocks rise heading into jolly season

Despite all the anguish following the Paris attack last week, US stocks ended this week on a positive note.

The S&P 500 rose 0.4 percent on Friday to finish the week up 3.3 percent, the best weekly performance in 2015.

The STOXX Europe 600 also rose 3.3 percent this week after edging up 0.2 percent on Friday.

The advance this week sets the stock market up for what could be a jolly season:

According to analytics service Kensho, in the last ten years, the S&P 500 has averaged a gain of 1.9 percent in the week of Thanksgiving, ending positive six times.

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