On Friday, December 29th, the U.S. stock markets closed in red, the last trading day of 2023, concluding a year of robust gains fueled by a strong year-end rally and prospects of relaxed monetary policy.
In economic data, the Chicago PMI dropped to 46.9 in December, a decline from November's 55.8, and fell short of the market expectations of 51.
The S&P 500, Dow, and Nasdaq recorded nine straight weeks of gains—the longest streak for the S&P 500 since January 2004 and the Dow and Nasdaq since early 2019. Overall, each of the three indexes achieved double-digit increases for the year.
The Dow Jones Industrial Average decreased 0.04%, closing at 37,689.54. The S&P 500 ...
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