Overall, U.S. stock indexes posted modest gains for the week, with technology stocks initially leading the rally before pulling back after the Christmas market closure.
Consumer confidence declined sharply in December, with significant drops in expectations for income, business, and labor conditions, indicating potential economic challenges ahead.
While initial jobless claims fell to their lowest in six weeks, continuing claims rose, highlighting the mixed signals in the labor market regarding unemployment.
European equities showed resilience during the holiday-shortened week, with investor optimism buoying indexes like the STOXX 600 amidst concerning economic data and political developments.
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