S&P 500 Reaches New 2023 High on Optimism of End to Fed Rate Hikes
• S&P 500 closes at highest level of 2023 amid optimism Fed is done raising rates • Index tops prior 2023 high close from July 31 • Stocks rebound in November after declines in previous 3 months • Fed Chair signals risks of tightening too far now "more balanced" • Analysts say comments inch toward dovish stance on rates