Traders took comfort ininflation data that was in line with analysts' estimates.
Wall Street traders sent stocks and bonds sliding after a hotter-than-estimated inflation report.
Equities continued to push forward, defying doomsayers and warnings about an overstretched market.
A new job report today pointed to continued economic growth despite high interest rates.
Wall Street remained on the lookout for comments from policymakers.
The US equity benchmark has risen about 25% in 2023.
The seven largest U.S. tech stocks are expected to post 22% earnings growth next year.
The global bond market is also marching toward its biggest two-month gain on record.
The Fed signaled rate cuts next year. Stocks rose.
Last month's euphoria was largely driven by a sea change in expectations for Fed policy moves.
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