Stocks Mixed as Investors Weigh Rate Cuts Against Strong GDP Growth
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Stocks were mixed as investors weighed rate cut possibilities and strong GDP data showing the economy grew faster than thought in Q3
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Fed officials hinted interest rate cuts may come sooner than expected if inflation keeps cooling
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Rate-sensitive sectors like real estate and financials led gains, while tech lagged
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Meme stocks like GameStop surged over 20% as speculative areas of market rallied
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GM shares jumped on a new $10B buyback and 33% dividend boost that shows confidence in its EV shift