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
-
Recent advancements in wastewater management are poised to reshape the way societies handle and treat their liquid waste. Researchers and innovators around the globe have been working tirelessly to develop cutting-edge technologies that not only enhance the efficiency of waste...
-
As urban centers around the world face an increasing threat to public health and the environment, the pervasive issue of smog continues to cast a dark cloud over the fight for cleaner air. Defined by a noxious blend of pollutants, including particulate matter, ground-level ozo...
Facebook Comments