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Today's Market

Michael P. Reinking, CFA
Sr. Market Strategist

December 4, 2024 at 1:30 p.m. EDT

Yesterday was another mixed session in US markets with strength in mega-cap tech stocks offsetting weakness elsewhere in the market. The market cap weighed S&P 500 was marginally higher while the equal weight version of the index fell slightly less than 0.5%. Political turmoil in France and South Korea got some attention but had little impact on US markets. Following a round of solid tech earnings overnight there is a very similar dynamic today. The economic data in the US this morning pointed to a moderation in activity which has caused Treasury yields to reverse the overnight move higher. Outside of the tech earnings other reports over the last twenty-four hours weren’t quite as positive

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