Wall Street remains optimistic. The consensus price target for the S&P 500 in 2025 is 6715, 14% higher than where the blue-chip barometer ended in 2024.

Key Takeaways Stocks fell on Thursday, dampening investors' hope for a Santa Claus rally to start 2025.The S&P 500's average return in years without a Santa Claus rally is less than half its return in years with one (5% vs.

Santa Claus is leaving investors in the lurch once again in 2024 as U.S. stocks have struggled during the typically bullish home stretch of the year.

Traders had hoped a banner year for the S&P 500 would end in a "Santa Claus Rally"—a run-up commonly seen over the last five trading days of a year and the first two of the next. While Thursday and Friday trading could bring a turnaround,

Wall Street is eager for a so-called Santa Claus rally to propel the S&P 500—up about 25% this year through Monday's close—to new highs. According to Wall Street lore, the stock market consistently rises during the final five trading days of the year and the first two sessions of the next. This year, that stretch starts today.

While overall trading volumes were light on Monday, stocks did gain a little ground as we head into the final trading days of the year.

Santa might have a lump of coal for Wall Street this year. Stocks typically enjoy a so-called Santa Claus Rally in the period spanning the last five trading days of the year and the first two of the next.

The so-called Santa Claus rally could get off to a late start this year. But better late than never. A team of strategists at Ned Davis Research pointed out that stocks have struggled ahead of the start of the “Santa Claus rally” period, which begins on Tuesday.

Some of the biggest winners were mega-cap tech stocks, with Tesla up by 6% while Broadcom, Netflix, and Amazon each gained about 2%.