The dollar and Treasury yields declined simultaneously

US stock indices rose on Thursday: The Dow Jones gained about 30 points, reaching a new record high of 37 thousand, while the S&P 500 and Nasdaq added almost 0.5% and are trading at levels not seen in almost two years. 

Trading Economics reports that.

Traders continue to digest the Fed's dovish mood after the central bank kept interest rates unchanged, as expected, and announced a 75 bps rate cut next year, more than originally forecast in September. 

The dollar and Treasury yields declined simultaneously. Meanwhile, retail sales unexpectedly rose last month, indicating a strong start to the holiday shopping season, and initial claims came in below forecasts. 

However, the strong data had little impact on rate cut expectations, which now stand at 67% for a rate cut of at least 25 bps in March 2024. Real estate, materials, and energy were the top-performing sectors.