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Last week, the S&P 500 index hit its daily high for five consecutive days and achieved its best weekly performance since November 2022, with a cumulative increase of 5.85% for the entire week. The Federal Reserve's interest rate meeting held last week did not seem to have stimulated anyone. Currently, Wall Street is already anticipating the end of the Fed's rate hike, and expectations for the first rate cut are concentrated in the third quarter of 2024.
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