United And American Airlines Lower In Premarket Trading As Omicron Infects Flight Crews

United And American Airlines Lower In Premarket Trading As Omicron Infects Flight Crews

The United States kicks off the week as much of Europe is recognizing the Christmas holiday on Monday. Despite the approaching New Year's holiday, the U. S. markets are open all week. Between Christmas and New Year's Eve trading volumes tend to be about 30% lower because many investors take time off. With low volumes, investors should be careful to use this week as a "tweak week" and not necessarily a full scale trading week. Smaller position sizes and short-term opportunities may be more sensible approaches. Also, many investors may choose to use the week to make any final tax adjustments or final portfolio adjustments for 2022. However, this is also the week of the famous Santa Claus rally. The Santa Claus rally is a phenomenon where market tend to rally from the first day of trading after Christmas thru the first two trading days of January. The rally doesn't always happen, but traders built some momentum with last week's three-day rally. Last Thursday, the S&P 500 (SPX) closed at a new all-time high as Santa appears to have started his rally a couple of days early. Despite starting the week on a down note, the S&P 500 still rose