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Stocks End Mildly Higher as Bullish Sentiment Continues
Barchart - Wed Dec 24, 1:23PM CST
The S&P 500 Index ($SPX) (SPY) on Wednesday rose +0.32%, the Dow Jones Industrials Index ($DOWI) (DIA) rose +0.60%, and the Nasdaq 100 Index ($IUXX) (QQQ) rose +0.27%. March E-mini S&P futures (ESH26) rose +0.27%, and March E-mini Nasdaq futures (NQH26) rose +0.20%.
Stock indexes ended the day mildly higher ahead of Thursday’s Christmas holiday. US stock exchanges closed early at 1pm (Eastern) on Wednesday for Christmas Eve. The S&P 500 index on Wednesday edged to a new record high.
Stocks received a boost on Wednesday from the -2.9 bp decline in the 10-year T-note yield.
Stocks have continued support from confidence about the US economic outlook after Tuesday’s news that US Q3 real GDP rose by +4.3% (q/q annualized), much stronger than market expectations of +3.3%. However, most of Tuesday’s other US economic reports were on the weaker side, led by the -3.8 point drop in the Conference Board’s Dec US consumer confidence index to 89.1 from the revised Nov level... Read more
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