Some stock movements of note: Meta popped almost
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Posted On: 12/21/2023 5:59:40 AM
Some stock movements of note: Meta
popped almost 3% and is up 186% year to date, on pace for its best year ever. U.S. Steel
shares surged 26.09% after Japan’s Nippon Steel
agreed to buy the company for $14.9 billion in cash.
Adding to market cheer is Goldman Sachs’ optimistic forecast for the pace of rate cuts next year. “We see the committee delivering at least three back-to-back 25bp cuts, probably in March, May, and June,” Jan Hatzius, chief economist at Goldman Sachs, said in a note to clients.
popped almost 3% and is up 186% year to date, on pace for its best year ever. U.S. Steel
shares surged 26.09% after Japan’s Nippon Steel
agreed to buy the company for $14.9 billion in cash.
Adding to market cheer is Goldman Sachs’ optimistic forecast for the pace of rate cuts next year. “We see the committee delivering at least three back-to-back 25bp cuts, probably in March, May, and June,” Jan Hatzius, chief economist at Goldman Sachs, said in a note to clients.
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