U.S. Stocks Rally Amid Favorable December Trend Following Lull

Updated on
  • Manufacturing activity unexpectedly contracted last month
  • S&P 500 Index rises to within 1.5 percent of May record

The Story Behind Manufacturing

U.S. stocks rallied to begin what has historically been the strongest month of the year for global equities, breaking out of a lull that held the Standard & Poor’s 500 Index to its narrowest monthly move in six years as investors await December monetary policy decisions.

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