Week InReview: December 22, 2023

Bullish bounceback.

US stocks rebounded ahead of Friday data expected to show the Federal Reserve's preferred inflation metric is close to its target. The S&P 500 climbed 1% Thursday, undoing a large part of the late-session slide from the day before. Some in the market said the Wednesday drop was fueled by trading of zero-day to expiry options, although Chicago-based exchange operator Cboe Global Markets contested that idea. Whatever the cause, the market remains on the precipice of an eight-week winning streak — its longest in more than five years. The tech-heavy Nasdaq 100, meanwhile, rose 1/2% after Wednesday's bout of selling had knocked it off record highs. 

Read entire Week InReview: December 22, 2023