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PCE figures are released on a monthly-basis by the BEA and can provide valuable information about the health of the U.S. economy, inflation, and consumer spending. Find out this index’s importance in this article.
In 2023, markets were volatile as economic challenges clashed with some optimism. NVIDIA, C3.AI, and Microsoft soared on AI, while Big Banks and key commodities struggled.
On Wednesday, December 27, the New York Times filed a lawsuit against Microsoft and OpenAI for copyright infringement, while Apple resumed the sales of its watches after a court appeal.
US stock markets rallied on December 26 with the S&P 500 nearing a record high. Retail sales showed continued consumer spending, suggesting a continuation of the "Santa Claus rally". However, analysts remain divided on whether the rally will continue in 2024.
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