As the new year draws closer, eyes are turning to Wall Street to see whether it will pull off the coveted Santa Claus rally.

BTIG chief market technician Jonathan Krinsky said that the S&P 500 is trying to hold above its 50-day moving average of about 6,767.

As the new year draws closer, eyes are turning to Wall Street to see whether it will pull off the coveted Santa Claus rally.

December is a seasonally strong period for stocks. But an unusually weak stretch has investors wary.

Will Santa Claus come to Wall Street? And, how do holiday shoppers feel about the economy?