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By Noel Randewich

Dec 11 (Reuters) – The S&P 500 notched its first record high close in over a month ‍on Thursday as investors shifted to sectors including financials and materials amid worries about the valuations of high-flying AI stocks.

The S&P 500 ended the session up 0.21% at 6,901.00 points, exceeding its previous record high close ‌of 6,890.89 on October 29.

The Dow ‌Jones Industrial Average also recorded a record high close, its first since November 12. The Dow added 1.34% for the session.

The S&P 500’s fresh record high comes a day after the Federal Reserve cut interest rates by a quarter percentage point, and after ‍a stumble of more than 5% in November related to fears about a potential bubble in AI-linked shares.

The S&P 500 ‍is tradi

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