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Stock market today: Indexes rise ahead of Fed's final policy meeting of the year

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Fundstrat's Tom Lee said stocks should rally into year-end due to favorable seasonals and a "buy the dip" mantra among active fund managers.
The article from Business Insider discusses the stock market's reaction to the Federal Reserve's last interest rate meeting of 2024. Stocks experienced gains as investors reacted positively to the Fed's decision to maintain current interest rates, signaling a potential pause in rate hikes. The market interpreted this as a dovish stance, with expectations that rate cuts might be on the horizon in 2025. Key indices like the S&P 500, Dow Jones Industrial Average, and Nasdaq all saw increases, buoyed by strong corporate earnings reports and economic data suggesting a soft landing for the economy. Additionally, comments from Fed Chair Jerome Powell emphasized a data-dependent approach, which added to the market's optimism. However, there were also mentions of ongoing concerns about inflation and geopolitical tensions that could influence future market movements.

Read the Full Business Insider Article at:
[ https://markets.businessinsider.com/news/stocks/stock-market-today-stocks-gain-feds-last-interest-rate-meeting-2024-12 ]