Wall Street extended its gains on Friday as better-than-anticipated economic data alleviated concerns of an impending economic slowdown. The U.S. economy added 199,000 jobs in November 2023, up from the 150,000 added in October and exceeding market expectations of a 180,000 increase. The unemployment rate declined more than expected to 3.7%,the lowest since July. The latest University of Michigan consumer sentiment report revealed a bigger-than-expected jump in December and a decrease in short- and long-term inflation expectations. Investors recalibrated their bets Friday on rate cuts for 2024…

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