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China's equity markets have chosen to run with the authorities' latest vague promise of support for the sputtering economy, with stocks surging to their highest levels in nearly a month. The state-media readout on Monday from China's Politburo heralded a shift from "prudent" to "moderately loose" monetary policy as well as a desire to boost consumption. Warning signs, or at least more circumspection, seemed evident in China's foreign exchange market, which hardly budged, and bonds, which rallied while pushing yields to record lows - showing doubt over whether growth is really going to pick up.

The November consumer price index will be released Wednesday morning and is expected to show a slight uptick from October.

Reddit was one of the best-performing names to make a debut in public markets this year. 210 US firms went public in 2024, a jump of about 36% from 2023.

"With current recession risks contained, multiples are most likely to drift higher in 2025," strategists at UBS wrote in a note on Monday.

Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. In a brief news release with few details, Chinese regulators appear to be focusing on Nvidia's $6.9 billion acquisition of network and data transmission company Mellanox in 2019. Nvidia shares fell 2.6% Monday.

While economic growth fears have ebbed, inflation is inching higher, and November CPI will set the tone for the stock market in the near term, BofA said.

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Comcast investors are reacting after management said it expects the company's broadband subscribers to decline by over 100,000 in the current quarter.

Stocks are at risk heading into 2025, and historically high valuations mean that even slight disappointments could spark a painful decline.

This year's rankings contain many previous winners but also some surprise additions.