The "Santa Claus Rally" has failed to materialize, as U.S. stocks are experiencing back-to-back losses during the holiday trading period. The major indices have had a strong overall year, but December has been particularly brutal, with the S&P 500 down 1% and the Dow down 4.3%. The Nasdaq Composite is the only winner for the year, up 31.4%, but even it is experiencing some struggles. Bitcoin and other cryptocurrencies are also losing steam, with Bitcoin currently valued at around $93,420, well below its all-time high of $108,400. Investors are waiting for clarity on President Donald Trump's crypto agenda, hoping for a boost in the market.



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