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Wall Street ends lower, capping a banner year

Wall Street lost ground on Tuesday as investors closed the book on a remarkable year for equities, during which the U.S. stock market was powered to record highs by the twin engines of the artificial-intelligence boom and the U.

The U.S. stock market reached new highs on the last trading day of 2024, driven by optimism around artificial intelligence (AI) and expectations of Federal Reserve interest rate cuts. The S&P 500 and Nasdaq both closed at record levels, with the Dow Jones Industrial Average also seeing significant gains. Investors were buoyed by strong performances from tech giants like Nvidia, Microsoft, and Amazon, which have been at the forefront of the AI revolution. Additionally, the market reacted positively to signals from the Federal Reserve suggesting potential rate reductions in the coming year, aiming to manage inflation while supporting economic growth. This combination of technological advancement and favorable monetary policy has fueled a bullish market sentiment, culminating in a robust end to the year.

Read the Full Reuters Article at:
https://www.reuters.com/markets/us/ai-boom-fed-rate-cuts-lift-us-stocks-new-highs-2024-2024-12-31/


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