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Stocks Rally on Hopes for More Rate Cuts.
- 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