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The S&P 500 and Dow Jones Industrial Average both reached all-time highs in shortened holiday trading, while gains in technology and artificial intelligence stocks continued to support the Nasdaq index.
Market analysts attributed the rally to positive economic data, resilient consumer spending and what is traditionally known as the “Santa Claus rally,” a period when equities often rise toward the end of the year.
Despite ongoing geopolitical tensions and global economic uncertainty, investors appeared confident that the U.S. economy is on track for a soft landing, with corporate earnings showing continued strength.
