Last week's highly anticipated Fed meeting was well received by financial markets as the central bank's comments opened the door for a pivot toward easing monetary policy in the year ahead, fueling further bets on rate cuts in 2024.

Despite a bit of breather in U.S. equity markets to start last week, stocks broadly managed to bounce back to notch a sixth consecutive week of gains, the longest positive weekly streak since 2019.

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Stocks pushed higher Friday, with the S&P 500 and Dow Jones indexes recording their highest levels in more than a year, after Federal Reserve Chair Jerome Powell seemed to support the market consensus view that key interest rates have peaked.

U.S. stocks logged a fourth straight week of gains last week amid light trading activity around Thanksgiving. For the week, the S&P 500 climbed 1.0% and the Dow Jones and Nasdaq Composite returned 1.3% and 0.9%, respectively.