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Market Recap Week Ended 12/15

Seven in a row The major U.S. stock indexes climbed nearly 3%, posting their seventh positive week in a row, with the prospect of near-term interest-rate cuts providing the key catalyst. The Dow rose to a record level, eclipsing its previous high set on January 4, 2022. The S&P 500 was about 1% below its all-time high while the NASDAQ was about 8% shy of its historic peak.