This week's macroeconomic focus is on inflation, with December's Consumer Price Index due Thursday and the Producer Price Index on Friday, against a backdrop of minimal earnings reports. Meanwhile, financial markets have moderated their expectations for early U.S. rate cuts, following initial reactions to the Federal Reserve's dovish turn in December.
The upcoming week's important earnings inlcude $Jefferies Financial(JEF.US)$ on Monday...

RECAP
S&P 500 Approaches All-Time High
US stocks rose, with the $S&P 500 Index(.SPX.US)$ approaching its all-time, high as optimism over potential interest rate cuts next year continued to fuel positive sentiment on the last trading week of the year.
The S&P 500 closed 0.42% higher at 4,774.75 on the first day of the holiday-shortened trading week. The $Nasdaq Composite Index(.IXIC.US)$ gained 0.5% to 15,074.57, while the $Dow Jones Industrial Average(.DJI.US)$ added 0.4...

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