Stocks Extend Bull Run on Soft Landing Narrative: Markets Wrap
- S&P 500, Nasdaq 100, MSCI World set eight-week winning streaks
- Interest rate-cut bets have been weighing on US dollar
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Financial assets from stocks to bonds notched another winning week as data readouts only reinforced Wall Street’s conviction in early and deep rate cuts next year.
After a choppy low-volume session ahead of the Christmas holiday, the S&P 500 notched an eight-week winning streak — the longest in more than five years on signs price pressures in the US were easing. The Nasdaq 100 and a global gauge of equities logged equally lengthy runs — for the tech-heavy Nasdaq it was the longest since July 2021. US bonds booked a fourth-straight week of gains — their best streak since March.