New York is excited for Christmas...New York Stock Exchange's Top 3 Index Is 'Santa Rally'

[Anchor]
For Christmas, New York's main attractions are crowded with tourists.

The three major indexes of the New York Stock Exchange also closed higher, continuing the "Santa Rally," which refers to the tendency of the U.S. stock market to rise at the end of the year and at the beginning of the year.

I'm correspondent Lee Seung-yoon from New York.

[Reporter]
Rockefeller Center, a representative Christmas attraction in New York, the United States.

A crystal star weighing 408 kg and weighing 100 million won, made by a famous jewelry brand, catches the eye on a 23-meter-tall Norwegian spruce.

A large crowd, including tourists, gathered like a cloud.

We all hoped that the world would regain peace as soon as possible for Christmas.

[Philip / New York tourist] I think it's important for the world to come together in peace. I hope everyone will come together to make peace for Christmas.]

[Brickenda / New York tourist] I actually wish everyone in the world happy and healthy, and all the best for all families and the country.]

The New York Stock Exchange's three major indexes also rose all at once, continuing the "Santa Rally," which refers to the trend of U.S. stock markets rising at the end of the year and at the beginning of the year.

Based on the S&P 500 index in the New York Stock Exchange, a whopping 75% of Santa rallies appear from 1950 to 2020.

Last week, the New York Stock Exchange's rise slowed briefly due to the theory of controlling the pace of next year's rate cut, but
It is attributed to expectations for the
New Year's policy, increased consumption due to year-end bonuses and improved investor sentiment.

As the U.S. economy has seen solid growth this year based on strong consumption, U.S. citizens are eager to be able to experience better economic conditions in their lives in the new year.

I'm YTN's Lee Seungyoon from New York.