S&P 500 seen rising this week, could finish year strong

The S&P 500 fell 0.1 percent last week, its second consecutive weekly decline.

This week could see a better performance though, according to Patti Domm at CNBC.

“Stocks have a good chance of trading higher in the week ahead, if the typical Thanksgiving holiday week trading patterns take over,” she wrote.

Citing data from Bespoke, she said that the S&P 500 has averaged a gain of 0.6 percent during Thanksgiving week and has been higher 75 percent of the time since 1945.

She also quoted Paul Hickey, co-founder of Bespoke, as saying: “The historical trend is a strong stock market through the year, tends to finish strong.”