Santa Claus Rally Carries Markets to New Highs

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 28 December 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dec. 28 Edition. U.S. stock markets are poised to finish the year with double-digit annual returns, as investors bet that 2024 will bring interest-rate cuts from the Federal Reserve. Markets reporter Anna Hirtenstein explains what’s driving the Santa Claus rally. And after Secretary of State Antony Blinken and top Homeland Security officials met with officials in Mexico to discuss ways to slow a record influx of migrants, Tom Fairless tells us how migration is reordering politics around the world. Plus, Apple notches a legal victory letting it once again sell smartwatches. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:24.2	ek slash special offer
0:30.6	the Santa Claus rally carries the Dow to new highs and puts the S&P 500 near a record close.
0:37.0	Plus Apple gets a legal win over its smart watches, and as the US and Mexico talk migration will look at how the issue is
0:45.1	reordering politics around the world.
0:47.6	Government have a balancing act on their hands. They want especially highly skilled
0:52.2	workers. What they're worried about is highly skilled workers.
0:52.6	What they're worried about is lower skilled workers and also is kind of a perceived loss of control where there isn't a way to kind of stop or say,
0:59.8	we okay, that's enough. We don't want anymore people to come.
1:03.0	It's Thursday, December 28th.
1:05.0	I'm Luke Vargas for the Wall Street Journal,
1:07.0	and this is what's news,
1:09.0	the top headlines and business stories moving your world today.
1:22.4	U.S. stocks are still feeling the holiday glow. The Dow Industrials
	...

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