Stocks Close 2022 With 9-Week Rally; Investors Eye Data for Rate Cut Signals
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Stock markets finished 2022 on a positive note, capping a 9-week rally fueled by expectations of easier Fed policy in 2023. The S&P 500 rose 24% for the year.
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Attention turns to economic data like jobs reports and Wednesday's Federal Reserve meeting minutes for signals on future rate cut timetables.
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Major earnings reports this week come from Walgreens, Conagra, Lamb Weston, and Constellation Brands.
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Important economic data includes December manufacturing and services PMIs and Friday's nonfarm payrolls and unemployment figures.
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Analysts advise investors to closely monitor data and base decisions on trustworthy analysis in the uncertain environment.