WALL ST NEAR RECORDS AS CENTRAL BANKS END 2024 WITH RATE CUTS

A look at the day ahead in U.S. and global markets by Samuel Indyk. The stellar year for U.S. stock markets took a bit of a breather on Thursday, perhaps expected after a rally that has led the Nasdaq to 20,000 for the first time this week and the S&P 500 to another new record high.

Gains have been driven by optimism over artificial intelligence and rate-cut expectations, with attention now turning to the Federal Reserve's last policy meeting of the year, beginning next Tuesday.

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