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Thu, December 5, 2024

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Tue, December 3, 2024

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Mon, December 2, 2024

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Fri, November 29, 2024

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Marketssurgetorecordhighs Santarallyspeculationcontinues XR Pcomesoutofthedark

//stocks-investing.news-articles.net/content/202 .. yspeculationcontinues-xr-pcomesoutofthedark.html

Published in Stocks and Investing on Monday, December 2nd 2024 at 12:31 GMT by Thomas Matters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Stocks rose during a shortened trading session and closed November with their largest Monthly gains - a direct result of the rally in the semis and a sense of a rally that is broadening out. The S&P hitting fresh record highs,

Orbitz

The article from FXStreet discusses the recent surge in financial markets, with the S&P 500, Dow Jones, and Nasdaq all reaching record highs, fueled by expectations of a "Santa Rally" where markets typically perform well towards the end of the year. This optimism is driven by hopes of a soft economic landing, potential rate cuts by the Federal Reserve, and a general positive economic outlook. Additionally, the article touches on the cryptocurrency market, highlighting a significant development with Ripple (XRP), which saw a price increase following a favorable court ruling in its ongoing legal battle with the SEC. The ruling clarified that XRP sales on public exchanges do not constitute investment contracts, potentially setting a precedent for other cryptocurrencies. The piece also notes the broader market's reaction to these events, with Bitcoin and other major cryptocurrencies also experiencing gains, reflecting a bullish sentiment across both traditional and digital asset markets.

Read the Full FXStreet Article at:
[ https://www.fxstreet.com/analysis/markets-surge-to-record-highs-santa-rally-speculation-continues-xrp-comes-out-of-the-dark-202412021240 ]

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