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A bounce for tech helped drive the gains for Wall Street Friday. The major indices all climbed for the day to power the S&P and Nasdaq to weekly wins, but the Dow fell short after the week's deluge of data.
The rollercoaster ride for big-tech and AI stocks faced even more twists and turns this past week. Rallying late in the week has been pretty common lately, but is it sustainable? Here's what analysts think.
The delayed CPI for November delivered some cheers, but also some doubts, this past week. Based on this CPI's readings, inflation actually cooled off sharply, but analysts warn, some key data is missing.
The delayed jobs report was loaded with wild numbers. November hirings topped estimates, but October saw 105,000 jobs get slashed from payrolls. Adding to this drama, unemployment jumped to 4.6%.
Overall consumer sentiment edged up a bit in the year's final survey, but was still below expectations. The outlook for the future helped the results, but the gauge of current conditions hit an all-time low.
We've reached the point in the year that delivers fewer work days and some good history for the markets. Christmas Eve is just a half-day Wednesday and will mark the start of the Santa Claus rally stretch.
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