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Stock markets close out the year with a mixed final session—profit-taking, rising Treasury yields, and fresh uncertainty over where interest rates head next. *Today’s close* S&P 500: *-0.43%* to *5,881.63* Nasdaq: *-0.9%* to *19,310.79* Dow: *-0.07%* to *42,544.22* *But the 2024 scorecard is huge* S&P 500: *+23.31%* Dow: *+12.88%* Nasdaq: *+28.64%* Record closes: *57* for the S&P, *47* for the Dow Now the spotlight shifts to the *Federal Reserve* and the upcoming release of *December FOMC minutes**, after a **9–3 rate-cut vote* that exposed growing internal debate about inflation and growth. Meanwhile, investors are watching how higher bond yields and cooling mega-cap momentum impact a rally still heavily powered by **Big Tech and AI**—and increasingly concentrated in the market’s biggest names. We also break down why this matters beyond Wall Street: *401(k) balances, the “wealth effect,” jobs, and consumer spending**—plus what could drive the next leg in 2025, from **rates and earnings* to whether the rally finally broadens out. #StockMarket #SP500 #Nasdaq #DowJones #FederalReserve #InterestRates #TreasuryYields #AI #Nvidia #Investing #Markets #Economy