Posted 12/28/2023, 9:03:05 PM
Stocks Grind Near Record Highs as Strong Jobs Outlook Offsets Housing Woes
- S&P 500 hovered near all-time high for second straight day, up just 0.04% on Thursday
- Nasdaq slightly lower but still up over 44% in 2023, putting it on track for best year since 2003
- Jobless claims ticked up slightly last week but labor market remains strong overall
- Pending home sales index stayed at very low level in November as housing market continues to struggle
- Mortgage rates declined to lowest level since May, providing some relief to the housing sector