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A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 16, 2024, in Tokyo. Investors have appeared disappointed over Beijing's latest announcements about policies aimed at buttressing economic growth and encouraging more consumer demand. Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a profit report last week that beat analysts’ expectations thanks to the wave of enthusiasm about its artificial-intelligence offerings.
Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high. The economy has held up better than many feared, continuing to grow even after the Fed hiked the federal funds rate to a two-decade high in hopes of grinding down on inflation, which topped 9% two summers ago., which set another all-time high on Monday of over $107,000, according to CoinDesk. It was trading at $106,870 early Tuesday.
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