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Wall Street Sets New Records as Argentina’s Market Runs a Short, Thin Christmas Eve Session

Solid U.S. data reinforced risk appetite during the Santa Claus rally window.

Overview

  • U.S. stocks ended a shortened session at fresh highs, with the S&P 500 up about 0.35% and the Dow Jones up roughly 0.57%.
  • Stronger third‑quarter GDP growth near 4.3% annualized and a further decline in initial jobless claims supported the U.S. advance.
  • Argentina’s BYMA opened on December 24 for the second straight year but traded only two hours to 15:00 with very low liquidity and no official FX operations.
  • The S&P Merval edged up around 0.20%, with notable gains in Transener, IRSA and BYMA shares during the curtailed session.
  • Argentina’s sovereign bonds posted mixed moves, the Risk Country gauge held near 575 basis points, and financial dollars were little changed with CCL down about 0.2% and MEP up roughly 0.2%; analysts also cited expectations for possible Fed rate cuts in 2026 as a support for U.S. equities.