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Tech rally, economic outputs, 2025 Fed cuts: Market Takeaways

In one eventful trading day, bitcoin (BTC-USD) soared above $107,000 and the Nasdaq Composite (^IXIC) closed the day 1.24% higher to mark a new record high. Yahoo Finance markets reporter Josh Schafer joins Asking for a Trend to look back on Monday's trading trends and ahead to what markets may be eyeing this week, including the ongoing tech rally from select Magnificent Seven standouts, US economic output data points, and the latest economic and interest rate projections for 2025 as the Federal Reserve meets this week for its final policy meeting of the year. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan.