"Stock Market Rally Continues as Wall Street Embraces Fed Euphoria"

Stock futures were flat on Monday evening, with Dow Jones Industrial Average futures down 25 points, while S&P 500 futures and Nasdaq-100 futures inched down slightly. The market has been in rally mode, buoyed by indications of three potential interest rate cuts from the Federal Reserve in 2024, signs of cooling inflation, and a pullback in Treasury yields. All three major averages are on track to finish December with gains, with the S&P 500 up 3.8% for the month and the Nasdaq and Dow up 4.8% and 3.8%, respectively.