NEW YORK - US stocks Wednesday opened higher as the positive momentum from Tuesday's record-setting trade carried over into a holiday-shortened session.
Five minutes into trade, the Dow Jones Industrial Average stood at 18,060.27, up 36.10 points (0.20 percent).
The broad-based S&P 500 added 3.38 (0.16 percent) at 2,085.55, while the tech-rich Nasdaq Composite gained 7.90 (0.17 percent) to 4,773.32.
The Dow Tuesday crossed 18,000 for the first time on the heels of a better-than-expected report on US economic growth for the third quarter.
US stocks have been on a roll since the Federal Reserve last Wednesday kept interest rates low and said it would be "patient" before raising rates.
Many "are calling it a Santa Claus rally, although we think a 'Fed Feast' would work just as nicely," said Briefing.com Patrick O'Hare.
"It's tough, though, not to default to the jolly image of St Nick for joyful descriptors this time of year, so we'll play along."
AFP
