From Financial Modeling Prep: 2024-12-04 05:36:01

The U.S. stock market hits record highs as the S&P 500 and Nasdaq close at new peaks, driven by strong corporate earnings and positive economic data. Tech and growth stocks lead the gains, while energy stocks face pressure from volatile oil prices.

Investors await Federal Reserve Chair Powell’s speech for insights on monetary policy. With inflation easing and a strong job market, Powell’s tone could shape market sentiment for 2024.

Corporate earnings and a resilient economy fuel the market rally, boosting investor confidence. Technology and communication sectors outperform, driven by AI and digital trends.

As markets surge, Powell’s speech looms large. Economic strength and corporate performance signal optimism, but geopolitical risks and policy decisions pose potential challenges. Investors should stay informed and balanced amid the market’s upward trajectory.



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