Stocks rose this morning as optimism grew about a possible soft landing for the US economy next year. The Dow, S&P, and Nasdaq Composite all experienced gains. The stock market surge comes as investors expect the Federal Reserve to halt its tightening cycle. However, concerns about a recession in 2024 remain. US home prices continued to rise in October, setting new records due to tight supply and competitive buying. Mortgage rates are expected to decrease, potentially leading to a moderation in home prices.
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