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Why Philip Morris Stock Gained 11% in December

Why Philip Morris Stock Gained 11% in December

Shares of Philip Morris (NYSE: PM) rose last month after the tobacco company seemed to benefit from a shift in market sentiment as investors prepared for higher interest rates. According to data from S&P Global Market Intelligence, the stock finished December up 11%. As you can see from the chart below, Philip Morris gained steadily over the course of the month.