apologize to clement clark moore, but investors might well had been relieved tre wasn't the same turmoil we saw last christmas eve when the dow fell more than650 points and the s&p briefly entered bear market it tey. today in our holiday shortened session, the dow fell just 36 points. nasdaq climbed another seven to close at its ninth straight record. that's the first time that's happened since 1998. the s&p 500 was off. what a difrence a year makes. >> reporter: this time last year, the dow was closing on the what made the difference? a combination of four factors, the fed cut rates and added liquidity to the market. economic data has been strong to indicate no recession. third, hopes for a truce on the tariff and trade wars and the global economy may be botts&ing. is up 28% this year, but the ten largest stocksre up an average of 40%. apple is up 77 microsoft is up 55%. only amazon up 19% has underperformed this year. what's next? me are arguing the markets are expensive given that earningsat have been stocks can trade at higher rices if there's sign the economy is stiexpanding and mos

that was owned by clement clark moore who famously who twas the night before christmas and all throughdelivered letters to his estate. do you know those letters still come to that apartment. >> i think it's sweet. i think it's weird we don't know where they came from or where they get this address. >> there's so many. >> when we got the first letter it was exciting. like oh my gosh, this is real. these kids think that our address is the north pole. and it's sweet to think we can have a little part in helping a kid get all of their santa wishes. >> we felt the need to act. we got a bunch of our friends and family in our community to get together and created a non-profit called miracle on 22nd street. >> and every year we connect families in need to elves. >> it's extremely simple, jump on to miracle on 22nd street.com and you can sign up to become an elf. and you could look around to see which letter strikes your heart and adopt that family. >> we have a lot of different streams coming in for the letters now. it used to be just the brown stone in chelsea but then we have a big facebook

that was owned by a guy by the name of clement clarke moore who famously wrote 'twas the night before house. there was thought when he wrote the people people thought he was santa and delivered letters to his estate. >> do you know those letters still come to that apartment? >> i think it's sweet. i think it's weird we don't know where they came from or where they get the address. >> there is so many. >> we got our first letter it was exciting. we were like my gosh, this is real. you know, these kids think that our address is the north pole. it's sweet to know we can have a little part in helping a kid get all of their santa wishes. >> we felt the need to act. we got a bunch of our friends and family in our community to get together and created a non-profit called miracle on 22nd street. >> and every year we connect families in need to real life elves. >> it's extremely simple. you just jump on to miracle on 22nd street.com and you can sign up to become an elf. and then essentially you could look around to see which letter strikes your heart. and adopt that family. >> we have a lot of

between 23rd, eighth and ninth into a place called chelsea square owned by a guy by the name of clement clarke mooree 'twas the night before christmas. there was thought when he wrote the poem people thought he was santa and delivered letters to his estate. >> do you know the letters still come to that apartment. >> i think it's really sweet. i think it's worried we don't know where they came from or where they get the address. >> there is so many. >> when we got the first letter it was exciting. my gosh, this is real. you know, these kids think that our address is the north pole and it's sweet to know we can have a little part in helping a kid get all of their santa wishes. >> we felt the need to act. we got a bunch of friends and family in our community to get together and created a non-profit called mushingle on 22nd street. >> and every year we connect families in need to real life elves. >> it's simple. just jump on miracle on 22nd street.com and you can sign up to become an elf. and then essentially you could look around to see which letter strikes your heart and adopt that family. >> we have

one theory, in 1882, clement clark moore lived here and penned "the night before christmas." >> it wasught he was santa and had delivered letters to his estate. >> reporter: there were so many friends and family, an army of elves helped fulfill all the wishes. jacob, a silver cross necklace. hayden, a fidget spinner. >> a soup kitchen because she couldn't afford a christmas dinner. >> reporter: now it's done digitally through his nonprofit, a miracle on 22nd street. tina fey is working on a movie based on all of this. >> it just shows that there is this need for hope and need for giving back. and it really is the greatest gift. >> reporter: jim has moved out of that apartment. >> my mom doesn't have money to buy me new clothes. >> reporter: meredith now lives there and the letters keep coming. >> at first i thought it was weird, obviously. that was before i saw a real letter. when we got our first letter it was exciting, oh my gosh, this is real. >> reporter: if you want to join the elves find out how at abc7ny. kimberly richardson -- >> thank you and god bless you. >> reporter: channe