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Stocks Rally on Hopes for More Rate Cuts.

Authors :
Dezember, Ryan
Source :
Wall Street Journal - Online Edition. 12/21/2024, pN.PAG-N.PAG. 1p.
Publication Year :
2024

Abstract

Stocks rallied at the end of the week, with the Dow Jones Industrial Average and the S&P 500 experiencing their best day since the postelection rally. Despite this, major U.S. indexes still ended the week down due to concerns about interest rates and other economic factors. The Federal Reserve's preferred measure of inflation showed prices rising slightly in November, giving traders confidence to buy. Overseas stocks mostly fell, and U.S. natural-gas futures hit a new high due to increased demand during wintry weather. [Extracted from the article]

Details

Language :
English
Database :
Academic Search Index
Journal :
Wall Street Journal - Online Edition
Publication Type :
News
Accession number :
181893382