12/19/2023

Wall Street Ends Higher as Rate-cut Fever Lingers

S&P 500 within 1 percent of record closing high

On Tuesday, Wall Street extended its rally, advancing on the day as last week's dovish policy pivot from the Federal Reserve continued to reverberate and investors looked ahead to crucial inflation data.

Broad-based gains boosted all three major U.S. stock indexes and nudged the S&P 500 to within 1 percentage point of its all-time closing high reached in January 2022. If the benchmark index closes above that level, that would confirm it has been in a bull market since bottoming in October 2022.

The blue-chip Dow nabbed another all-time closing high.

Please select this link to read the complete article from Reuters.