Improving investor sentiment around AI helped stocks claw back late last week, while trading could be light in coming days ahead of holiday closures. GDP data is due tomorrow.
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AI-related stocks rose early Monday, a positive sign for investors hoping for a Santa Claus rally in a week that's light on earnings report and economic data.
Stocks were able to register a late-week recovery, largely supported by yesterday's inflation data, but it's unclear whether a year-end rally is in the cards for investors.
The S&P 500 starts today on a four-day losing streak ahead of an ECB rate decision and U.S. CPI. Analysts expect a 0.3% headline inflation rise. FedEx and Nike report later today.
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