Stock Market Inches Higher, AI Race Heats Up, Jamie Dimon Slams Bitcoin: The Week In The Markets

The U.S. stock market managed to close its sixth straight week of gains, with the S&P 500 Index closing the week at highest level since January 2022.

Investors now eagerly await the release of November’s inflation data on Tuesday next week and the Federal Reserve Open Market Committee meeting on Wednesday.

The worst-performing sector was energy, as oil recorded its fifth consecutive week in the red, the worst streak in five years.

Chart Of The Week: S&P 500 Closes At The Highest Level Since Early 2022

Public Misunderstanding Bidenomics? A recent survey highlighted significant public misunderstandings about wealth distribution, income and job creation under the Biden administration, pointing to a concerning gap in economic perceptions.

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