RE: 30- 35p Q120 Dec 2023 20:51
Today’s slight pullback comes after a robust session Tuesday when the Dow and the Nasdaq Composite both notched a nine-day advance. The 30-stock Dow advanced 251.90 points, or 0.68%, to close at a fresh record high. The Nasdaq Composite jumped 0.66% to close above the 15,000 level for the first time since January 2022. Meanwhile, the S&P 500 gained 0.59%, within a stone's throw of its own record closing and intraday levels.
All three major averages remain on pace for a winning December and 2023 as investors look forward to proposed rate cuts from the Federal Reserve in the new year.