Stocks Hit New Highs, Fed Rate Cuts Unlikely
Update: 2025-12-23
Description
US stocks surged to new highs, with the S&P 500, Nasdaq, and Dow Jones Industrial Average all posting gains, as investors shrugged off robust GDP growth data and dialed back expectations for interest rate cuts. Precious metals and Novo Nordisk shares also performed well, while consumer confidence dipped.
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