US stocks soar more than 20% for second year in a row

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The story "US stocks soar more than 20% for second year in a row" was covered 5 days ago by Financial Times, a news publisher based in United States.

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Financial Times 5d ago

US stocks soar more than 20% for second year in a row - Financial Times

Quick Summary:

The S&P 500’s performance stands in contrast to European markets, with the Stoxx 600 gaining 6 per cent and the FTSE 100 rising 5.7 per cent.

Megacap tech stocks including the so-called “Magnificent Seven” — Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia and Tesla — were again the dominant force in the US market.

With inflation still above target, forecasts released by the Fed suggesting interest rates will fall in 2025 by less than previously hoped inflicted the S&P 500’s worst session in four months in early December.