Exploring Wall Street Gains in the Final Stretch of 2023. In the final week of the year, U.S. equities rose on Tuesday. Continuing an eight-week rise driven by anticipation that the Federal Reserve may start lowering interest rates as early as March.
In light trading, all three of the main U.S. stock indexes were higher. With chip shares and interest rate-sensitive megacap firms driving the increase,.
For increases on a monthly, quarterly, and yearly basis, all three are on pace.
Exploring Wall Street Gains in the Final Stretch of 2023. Economic statistics show inflation is slowing down. And moving closer to the Fed’s average annual 2% objective, the three indexes recorded. Their best weekly winning streak in years ended on Friday. With advances for the eighth week in a row.
I don’t think we’re going to see any strong volume. That would suggest we could have a strong rally.
On Friday, the inflation figure was positive. The probability that inflation would decline in January. And February increases the likelihood.
The S&P 500 is within 0.5% of its all-time closing high set in January 2022 and is poised to record its largest quarterly increase in three year
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