S&P 500 Rally Flashes Signs of Fatigue Near Record: Markets Wrap
- US Treasuries jump as another smooth auction boosts confidence
- Bitcoin climbs as optimism builds about ETF approval by SEC
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Stocks struggled to find solid ground after approaching a record on speculation the Federal Reserve will cut rates in 2024.
With just a few days left before the year is over, equities barely budged. While some traders cited an old Wall Street adage that says “never short a dull market,” concerns have surfaced amid overbought levels and warnings about overly dovish Fed bets. The S&P 500 wavered near its all-time high — a feat recently achieved by the Nasdaq 100 and the Dow Jones Industrial Average that’s fueled a debate on whether investors should be worried or celebrating.