US stocks continue their record-breaking run after a positive jobs report, with investors expecting a rate cut from the Federal Reserve in December. The S&P 500 is on track for its 57th closing high of the year, driven by rising hiring numbers and decreasing unemployment. Bond yields have also fallen, particularly among shorter-term bonds, as traders anticipate easier monetary policy. Analysts are predicting around 20 basis points of interest rate reduction at the Fed’s upcoming meeting in December.
Source: https://www.bloomberg.com/news/articles/2024-12-05/stock-market-today-dow-s-p-live-updates