Santa Claus Rally: Buckle Up and Ride the Market's Rebound

U.S. stocks rebounded on Thursday, led by chipmakers, after a previous day of losses. In Asia-Pacific, markets traded mixed with Japan's Nikkei 225 near flat and Hong Kong's Hang Seng Index falling 1.44%. Shipping rates have surged due to diversions from the Red Sea caused by Houthi attacks, with the cost of shipping a 40-foot container from Shanghai to the U.K. hitting $10,000. Nike shares plunged 11.7% in extended trading after reporting mixed results and a plan to cut costs by $2 billion. Despite China's record youth unemployment, semiconductor and automobile manufacturing firms are showing headcount growth. Goldman Sachs believes growth stocks are more attractive with lower interest rates. Major indexes rebounded on Wednesday, with the S&P 500 nearing its record close. The "Santa Claus rally" is expected to bring gains to the S&P during the final days of the year.