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On the closing day of the trading week, the S&P 500 index saw minimal changes but highlighted its most significant weekly gain of 2024, driven by the Federal Reserve’s indications of potential interest rate reductions. Despite the modest daily shift, the broader market sentiment was buoyed by the anticipation of easing monetary policy, reflecting in notable weekly uptrends across major indexes.
The week’s market activities underscore a period of adjustment and reaction to monetary policy signals, with investors closely monitoring Federal Reserve moves and their implications for the economy and the stock market.
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