Takeaways
- Earnings Strength Pushes Stocks Higher
- Economic Data Supports Soft Landing
- Disney Headlines This Week Of Remaining Earnings
Strong earnings sent stocks higher last week with the S&P 500 gaining nearly 6% and the Nasdaq Composite gaining over 6.5%. Bonds staged a rally as well, pushing yields lower. The 10-year yield closed Friday at 4.55% after hitting 5% just a week prior. A decision by the Fed to stand pat and some weaker than expected economic data to close out the week gave investors reason to be optimistic as we head into the final weeks of the year.
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