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mixed trading as investors consider year-end rally and interest rates outlook
US stocks traded mixed as investors considered the potential for a year-end rally and the outlook for interest rates in 2025. The S&P 500 and Dow Jones fell, while the Nasdaq rose, amid speculation about a Santa Claus rally despite a recent stock selloff. Traders are also assessing the likelihood of interest rate cuts following recent inflation data, with a strong chance the Fed will maintain rates at its January meeting.
Ned Davis Research Upgrades Canadian Stocks to Overweight After Significant Rally
Ned Davis Research has upgraded Canadian stocks to overweight following a 22% rally, highlighting their strong performance alongside U.S. markets. Chief global investment strategist Tim Hayes noted that Canadian stock valuations remain attractive and are less reliant on megacap sectors.
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