Trading is expected to be muted in the holiday session, and the market will close at 1 p.m. ET.

The three major averages all posted record closes Monday. The S&P 500 has risen 2.6% for December and 8.3% for the quarter. It is also on pace for its best annual performance in six years, up 28.6% for 2019 through Monday’s close. If the benchmark ends the year up 31%, it will score the best year since 1997.

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