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INSANE: Stocks close higher on wall street in holiday session | Rare Historical Photos

Lights marking the entrance to a subway station frame the New York Stock Exchange in New York's Financial District on Monday, Dec. 23, 2024. (AP Photo/Peter Morgan)

On Christmas day, Tokyo and Shanghai saw a slip in shares, with Japan's Nikkei 225 index edging 0.1% lower and the Shanghai Composite index losing 0.2%. The upcoming weekly update on U.S. unemployment benefits is awaited on Thursday.

Oil prices saw an increase, with U.S. benchmark crude oil rising to $70.17 per barrel and Brent crude reaching $73.23 per barrel. The dollar also saw a rise against the Japanese yen and the euro.

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