Traders work on the floor at the New York Stock Exchange in New York City, December 15.
Mandatory Credit: Brendan McDermid/Reuters
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Stocks are sliding on final trading day of 2023. But the Nasdaq is still on pace for its best year since ‘03
Santa Claus may be running out of steam. The traditional year-end rally – that was amplified by the Federal Reserve hinting at imminent rate cuts – is showing signs of fading with just hours to go until markets close for the year.
