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S&P 500 Hits New High as 'Santa Claus Rally' Boosts US Market

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The S&P 500 climbed to a fresh high amid a strong market rally during the holiday trading session. NVIDIA shares gained traction as analysts backed its licensing deal with AI firm Groq. Despite concerns over AI speculation and Fed rate outlooks, the market rally continues to drive momentum. Trading volume remained steady as the 'Santa Claus Rally' lifted sentiment. Piper Sandler’s Craig Johnson said the trend could hold in the final four sessions, though divergence may emerge.
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