1 big question this week: Was Friday's good news double a market turning point?

Wall Street bulls mounted a valiant effort and pushed the stock market sharply Friday on a double dose of encouraging news. But the rally was not enough to overcome Wednesday's Fed-driven plunge. The S & P 500 dropped for the second straight week, losing 2%, while the Dow Jones Industrial Average made it three down weeks in a row, with a loss of more than 2.2%. The Nasdaq posted a 1.8% weekly decline, breaking a four-week winning streak.

Wall Street bulls mounted a valiant effort and pushed the stock market sharply Friday on a double dose of encouraging news. But the rally was not enough to overcome Wednesday's Fed-driven plunge.

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Why the stock market was so disappointed by the Fed WednesdayInvestors were more concerned with what the Fed projected in its forecast for 2025 than they were heartened by the December cut.
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