Up to date Dec. 14, 2023 4:37 pm ET
Shares prolonged their year-end rally. The S&P 500 rose 0.3%, Nasdaq Composite added 0.2%, Dow Jones Industrial Common was up 0.4%, closing at a brand new document excessive.
Buyers have just lately been betting that the Fed will pivot to decreasing rates of interest subsequent 12 months, and the central financial institution helped affirm that view Thursday by forecasting three charge cuts in 2024.
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