Market Report Dec 13 2023

Tuesday's trading session witnessed a significant uptrend in the stock market, marked by the Nasdaq achieving its peak for the year 2023. This upswing coincided with the positive performance of the S&P 500 and the Dow Jones indices.

This upward market momentum was not only fueled by the robust performance in the mega-cap sector but also by a broad array of stocks. These all contributed to the day's gains, underscoring the widespread nature of the rally.

Today we have Fed Chair Powell's press conference to look forward to. So it will be another day of standing aside.

Javid Shaik

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