Nasdaq hits a new high in fourth straight day of gains ...Middle East

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It's tough to find any sellers in the US equity market. Once again today, a soft start has turned into a decent gain in the Nasdaq Composite. It's up 0.4% in the fourth straight day of gains. A turn in the Treasury market has helped to sustain the bid today (US 10s now down 3.6 bps) but yields overall are higher since the the four-day streak began and the Fed funds market has been pricing in less easing.A big help is oil, which had been a solid trade for much of the year. It's all come undone in the past month though and that's continued with a 4% decline in WTI today and a 4.4% decline in natural gas. The fall in energy prices will be a drag on inflation and raises the odds that we're back

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Last updated : 12 Dec 2023 clock 10:12 PM

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Nasdaq hits a new high in fourth straight day of gains ...Middle East

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