The Dow Jones Industrial Average and S&P 500 closed 1.7% and 1.8% higher, respectively, while the Nasdaq Composite added 2.5% to snap a five-day losing streak. ... Citi’s cost of credit was $2. ...

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all traded higher. Sentiment in bond markets also turned bullish, with the 10-year Treasury yield dropping sharply, by more than 0.1 ...

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Still, the S&P 500, Nasdaq, and Dow are up 24.3%, 30.4% and 13.7% year-to-date. As 2024 comes to an end, the Federal Reserve raised its estimate for US growth this past year from 2.0% to 2.5%. It raised its expectation for core inflation by 0.3% next year to 2.5%.

All three major indices were down with the S&P 500, Dow Jones, and Nasdaq off -1.94%, -1.86%, and -2.34%. Nonfarm payrolls rose by a higher-than-expected 256K last month and the unemployment rate fell to 4.1%. weekly market update | 4 min read.