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
-
Francis Bacon, a Renaissance polymath, jurist, statesman, and philosopher, left an indelible mark on English literature with his collection of essays. Published in 1597 and later expanded in 1625, Bacon's essays are a testament to his keen observations, philosophical in...
-
In a significant move, the International Monetary Fund (IMF) has given the green light to a $700 million loan for Pakistan as part of a $3 billion bailout package. The approval comes following the completion of the IMF's first review of the program, marking a crucial step in t...
Facebook Comments