Stocks closed broadly higher Wednesday on Wall Street, adding to the market's gains this week ahead of the Christmas holiday.
has been hanging over markets, along with concerns about inflation and its effect on economic growth.the U.S. economy grew at a 2.3% rate in the third quarter
Even so, the uncertainty over the latest variant’s effect on the economy is likely to cause more stock market swings.After an Alhambra man’s death, his family struggled for months to get Bank of America to hand over $24,000 left in his checking account. Investors have also been busy shifting money between sectors as the close of the year approaches and they prepare for higher interest rates in 2022. The Federal Reserve has said it will hasten the process of cutting its bond purchases that have helped maintain low interest rates, and that opens the door to rate increases from the central bank in 2022.
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