
U.S. stocks extended their rally on Wednesday, with the S&P 500 closing at new record highs, supported by strong economic data and continued optimism around a year-end rally. The S&P 500 rose 0.3% to 6,935, the Dow gained 0.6% to 48,775, and the Nasdaq added 0.2%.
The positive moves were supported by better-than-expected Q3 U.S. GDP growth of 4.3%, though rate-cut expectations for 2026 remain intact.
Meanwhile, precious metals surged again, with gold and silver hitting fresh all-time intraday highs, marking their third record-breaking session this week as safe haven demand and rate cut expectations persist.
Oil prices rose for the fourth consecutive day amid U.S.-Venezuela tension. Brent reached an intra-day high of $62.20 before closing at $61.75. WTI rose to $58.65, but closed at $58.25, nearly unchanged from its opening price.
In the Forex market, the US dollar remained weak as the dollar index fell below 98.00. EURUSD broke above 1.1800 but failed to close above the psychological resistance level. GBPUSD also faced a major resistance level from October at 1.3527
The crypto market remains relatively weak as bitcoin continues to trade in a tight range around the $90,000 level and Ethereum struggling to maintain the $3,000 mark.
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