The Globe and Mail reports in its Friday edition that U.S. stocks ended little changed on Thursday, giving up an initial rebound from a sharp drop in the prior session after the Federal Reserve forecast fewer-than-expected interest-rate cuts and higher inflation next year. A Reuters dispatch to The Globe says that Canadian stocks ended firmly in the red and were on their longest losing streak in 14 months, with all 10 major sectors lower. Economic data Thursday was in sync with the Fed's view, with weekly initial jobless claims falling more than expected while gross domestic product for the third quarter was revised to show a 3.1-per-cent increase from the previously reported 2.8-per-cent pace. "It clearly sent a message that rates weren't going to keep going down if inflation didn't continue its decline, and we've seen inflation tick up a bit here, and that's a concern to the Fed," said strategist Tim Ghriskey at Ingalls & Snyder in New York. "The market is skittish, because we've had such a big move." Traders now see just one quarter-point rate reduction by mid-2025. The S&P/TSX Composite Index ended down 143.06 points at 24,413.94, its lowest closing level since Nov. 5 and the sixth straight day of declines.