Stocks rise under ‘first five days’ rule, a bullish signal for 2020

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 27, 2018.

Eduardo Munoz | Reuters

Stocks finished the first five trading days of 2020 higher, setting up for potentially strong performance in the full year, based on an old Wall Street indicator.

If stocks perform well in the initial couple of sessions in a given year, the market is often up at year-end, according to the “first five days” rule.

Stock Trader’s Almanac, which studied the market phenomenon…

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