Consumer Confidence, Economic Activity Data, and a Short Trading Week for Christmas

Markets closed the previous week with minimal movement, as the S&P 500 edged up by 0.1%. Early in the week, equities faced pressure following data from the Bureau of Labor Statistics showing the unemployment rate climbed to 4.6% in November, marking the highest since September 2021. However, investor sentiment improved after Thursday’s inflation figures came in温和, triggering a two-day market rebound that erased earlier losses.

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