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S&P 500 notches new high for 2023 Friday, on six-week hot streak after solid economic data: Live updates

The consumer is what we're most worried about in 2024, says Nuveen's Saira Malik
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The consumer is what we're most worried about in 2024, says Nuveen's Saira Malik

The S&P 500 rose on Friday to hit a new high for the year after the November jobs report and University of Michigan consumer survey data signaled a resilient economy and cooling inflation, fueling hopes for a so-called soft landing scenario.

The S&P 500 added 0.41% to settle at 4,604.37, while the Nasdaq Composite rose 0.45% to finish at 14,403.97. The Dow Jones Industrial Average gained 130.49 points, or 0.36%, to end at 36,247.87.

The S&P 500 posted its highest close of the year last week, but had yet to exceed its 2023 intraday high set in July until Friday, when it topped 4,609 in afternoon trading. The benchmark is now up about 20% on the year and trading at its highest level back to March 2022.

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