From Barchart: 2024-12-13 11:24:57

1. The stock market experienced a sharp increase today, with the S&P 500 reaching a record high of 4,500 points. This surge was fueled by positive earnings reports from major tech companies and strong economic data.
2. Investors are closely monitoring the Federal Reserve’s upcoming meeting for any signals about potential interest rate hikes. The Fed is expected to provide guidance on its plans to taper its asset purchase program, which has been a key driver of the market’s recent rally.
3. In other news, the labor market continues to show signs of improvement, with weekly jobless claims falling to a new pandemic low of 320,000. This decline suggests that the economy is recovering at a steady pace.

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