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
-
Protests in support of Ukraine have erupted across the United States following a heated exchange between Donald Trump, JD Vance, and Ukrainian President Volodymyr Zelensky at the White House. Hundreds of people gathered in cities like New York, Los Angeles, and Boston to vo...
-
Chief Minister of Khyber Pakhtunkhwa, Ali Amin Gandapur, has stated that despite facing obstacles from the federal government, the economic situation in his province is better than that of the other three provinces.
Facebook Comments