Stocks have been hovering around the 1100 level of the S&P500 index for the past two months. Will the Santa rally come to Wall street next week? We would like to hope so with the backdrop of the stronger than expected retail sale in November. The S&P 500 index closed this week at 1106, up 0.04%, the Dow Jones Industrial Average increased 0.8%, and the Nasdaq composite index lost 0.18% for the week.
The real estate sector is coming strong this week, Latin America and Brazil are still the top dogs in the international front.
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