Overview
- The Commerce Department reported third‑quarter GDP grew at a 4.3% annualized pace, the fastest in two years and above consensus forecasts.
- Treasury yields rose, with the 10‑year around 4.15%–4.20%, and CME FedWatch showed a smaller probability of a January policy cut.
- Market gains were led by large technology and AI‑linked stocks including Nvidia, Alphabet and Amazon, lifting growth indexes despite mixed breadth.
- Gold and silver climbed to fresh records above $4,500 and $70 per ounce respectively, and copper hit a record, with moves amplified by light holiday trading.
- Consumer confidence fell in December, and in India provisional data showed foreign investors were net sellers while domestic institutions bought equities.