Latest
US Blue-Chip Stocks Face Tough Start to 2024
US blue-chip stocks saw one of their worst starts to the year in a decade, breaking a nine-week bull run. Despite a 0.2% gain on Friday, the S&P 500 index experienced a 1.5% loss for the shortened four-day trading week, leaving investors uncertain about the balance between potential interest rate cuts and fears that a robust economy could delay monetary easing. The market showed significant volatility, reacting to strong employment data and later rebounding on weak service sector figures, renewing hopes for earlier-than-expected Federal Reserve interest rate cuts. The shift contrasts sharply with December, when the S&P closed a nine-week bull run, ending 2023 near an all-time high.
About The Author
Zabitah is a digital space dedicated to fostering open dialogue, understanding, and progress in our ever-evolving society. Zabitah believes in the power of unbiased information, constructive conversations, and diverse perspectives to shape a better tomorrow.
You Might Also Like
-
Recently, the surge in popularity of computer gaming has prompted discussions about its potential impact on social relationships and support systems. As more individuals immerse themselves in virtual worlds, concerns have arisen regarding the potential detachment from real-lif...
-
Hollywood star Jack Black has joined the ensemble cast of the much-anticipated live-action adaptation of the popular video game "Minecraft." The film, backed by Warner Bros. and Legendary, is set to commence production soon in the scenic landscapes of New Zealand. Black, kn...
Facebook Comments