Weekly Market Commentary December 9, 2024

The market extended its gains, with the S&P 500 and Nasdaq reaching new all-time highs after a solid week of economic data that boosted confidence that the economy remains on strong footing, and is not running too hot to deter the Federal Reserve (Fed) from lowering its rate in December.

• The S&P 500 rose +0.71%

• The Dow Jones Industrial Average was down -0.03%

• The tech-heavy Nasdaq finished up +2.35%

• The 10-Year Treasury yield ended the week at 4.149%

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