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Many Wall Street traders rallying for the year-end boost may be disappointed as stocks inch for a modest increase last Friday. The increase has hardly made a scene in the market, far from what traders call ”Santa Claus rallies”. The gains were mostly from the health company sector.
Primary U.S. indexes show that while many retailers continue to incur small losses, pharmaceutical and health care companies continue to thrive this upcoming holiday season. Energy companies have started incurring their weekly losses since November. Although, the DJIA (Dow Jones Industrial Average) has increased for the past seven consecutive weeks.