Traders will watch for a potential Santa Claus rally as the holiday shortened week begins. Historical data shows positive performance during this seven day window often correlates to a stronger January. Investors also await the release of FOMC meeting minutes to gauge interest rate cut expectations for 2025, while Gold futures conclude their strongest percentage gain since 1979. Economic data including U.S. Pending Home Sales, the Case-Shiller Home Price Index and manufacturing PMI will also be in focus.
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