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US equities move higher as the S&P500 forms new ATH’s

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US equities rallied on Tuesday, marking a significant milestone as the S&P 500 reached fresh all-time highs. Gains were driven by strong investor confidence and robust performances in technology and consumer discretionary sectors. Optimism around cooling inflation and resilient economic growth also contributed to the market’s upward momentum.

US500 Daily Chart as of December 4, 2024
Source – FXStreet

Analysts noted that the market’s recent strength reflects expectations of a stable Federal Reserve policy. The Nasdaq and Dow Jones Industrial Average also posted gains, further highlighting broad market enthusiasm. While some investors remain cautious about potential economic headwinds, the market’s performance underscores resilience in the face of lingering uncertainties.

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