Stocks keep chugging along. The three main indices

Stocks keep chugging along. The three main indices closed higher again Monday, as the year’s rally moves toward a triumphant close. The broad-based S&P 500 is up 3.8% for December, fresh off its longest weekly winning streak in six years, while the blue chip Dow is up nearly 4%, and the tech-heavy Nasdaq is up almost 5%. The bulls are still grooving to the Federal Reserve’s indication last week that 2024 could bring three rate cuts after the central bank’s extended campaign against inflation. On Tuesday, investors will be watching for data on building permits and housing starts, while Atlanta Fed Governor Raphael Bostic is set to speak.