Wall Street remains optimistic as the week leading up to Christmas begins, with major stock indices showing gains. Despite warnings from Federal Reserve policymakers about rate cuts in 2024, investors are disregarding these concerns. Some Fed officials, including Cleveland Fed President Loretta J. Mester and New York Fed President John Williams, believe the market’s expectations for rate cuts may be overly optimistic. The S&P 500 and Nasdaq 100 increased by 0.5%, while the Dow Jones rose by 0.2%. Small caps remained stable after a significant surge the previous week. Treasury yields slightly increased, with the 10-year yield reaching 3.96%. The iShares 20+ Year Treasury Bond ETF fell by 0.9%. The Nasdaq 100 is only 0.4% away from its record highs in November 2021. In the commodities market, oil prices rose by 2% following attacks on vessels in the Red Sea. U.S. Steel Corp. saw a significant surge in its stock price after announcing its acquisition by Nippon Steel, while tech stocks like Meta Platforms Inc. and Alphabet Inc. also performed well. Conversely, V.F. Corporation struggled due to a cyberattack, and SolarEdge Technologies Inc. saw a downgrade from Goldman Sachs.