Stock Market Inches Higher, AI Race Heats Up, Jamie Dimon Slams Bitcoin: The Week In The Markets

Benzinga ·  12/09/2023 06:09

The U.S. stock market managed to close its sixth straight week of gains, with the S&P 500 Index closing the week at highest level since January 2022.Market sentiment continues to be shaped by the anticipation of Federal Reserve interest rate cuts in 2024. Yet the euphoria surrounding these rate cuts was slightly dampened on Friday by a stronger-than-expected labor market report and an unexpected surge in the University of Michigan consumer sentiment for December.Investors now eagerly await the release of November's inflation data on Tuesday next week and the Federal Reserve Open Market Committee meeting

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