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Compass Inc. shares climbed 5.13% to $10.87 after a Wells Fargo analyst report eased investor concerns about competition from Google's new property listing feature.
U.S. Senators called for an antitrust investigation into the proposed $10 billion all-stock merger between Compass and Anywhere Real Estate.
The S&P 500 and Nasdaq Composite are in negative territory for December, a month where the S&P 500 historically gains 1.4%, as investors await key inflation data that could influence a potential 'Santa Claus rally'.
The Federal Reserve is poised to cut interest rates by 25 basis points, but the decision is overshadowed by deep internal division, political uncertainty, and market focus on the 2026 forward guidance. This has pushed the U.S. Dollar Index below 99 while equities have rallied.