The market’s “Santa Claus rally” gained momentum earlier in the week, with the Dow and Nasdaq marking four consecutive sessions of gains and the S&P 500 extending its winning streak to three. Growth stocks, including the “Magnificent Seven” tech giants, surged, led by Tesla’s 7.4% jump, even as the 10-year Treasury yield rose to 4.61%, its highest since May. While Wall Street initially rallied after November’s election, hopes for pro-business policies under President-elect Trump are now tempered by concerns over higher interest rates in 2025.