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Here’s how much the stock market needs to gain to end the year at a record high

The stock market’s Sinterklaas rally started with solid gains, but the major indexes will still need more holiday magic to end the year at record highs.

The Dow Jones Industrial Average is up about 15% this year, but at 43,297.03 points is 3.8% lower than the December 4 record high of 45,014.04.

The other indexes are a little closer. The S&P 500 is up nearly 27% this year and is down just 0.8% from its Dec. 6 closing high of 6,090.27. The Nasdaq Composite, which is up 33% this year, is just 0.7% lower than its December 16 record high of 20,173.89.

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