Stock Market Update Wednesday December 4, 2024
Stock Market Update Wednesday December 4, 2024 S&P 500 and Nasdaq Surge to Record Highs as Tech Stocks Soar; Fed's Powell Affirms Positive Dialogue with Trump Administration
The S&P 500 and Nasdaq reached all-time highs, driven by significant gains in technology stocks. Federal Reserve Chair Jerome Powell expressed optimism about maintaining a positive relationship with the Trump administration, easing concerns over possible policy conflicts. His remarks indicated a stable communication channel between the central bank and the executive branch, bolstering market stability. Current economic data reflects a favorable balance of moderate growth and disinflation, alongside a dovish Fed, which supports confidence in the near-term outlook for interest rates and liquidity.
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