S&P, Nasdaq hit record closing highs; data supports rate cut view

Name: S&P, Nasdaq hit record closing highs; data supports rate cut view
Uploaded: 2024-12-07T02:19:41Z
Description: The S&P 500 and Nasdaq notched more record closing highs on Friday with jobs data fueling expectations the Federal Reserve would cut interest rates later this month. However, the Dow didn't fare as well, dipping almost three-tenths of a percent, while the S&P 500 rose a quarter of a percent.

The S&P 500 and Nasdaq notched more record closing highs on Friday with jobs data fueling expectations the Federal Reserve would cut interest rates later this month. However, the Dow didn't fare as well, dipping almost three-tenths of a percent, while the S&P 500 rose a quarter of a percent.