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
-
Jamaat-e-Islami’s Deputy Chief, Liaqat Baloch, has blamed the government, state institutions, and official extortion for the economic downfall of Pakistan. He emphasized that the crisis in Balochistan should be resolved through national unity and collective spiri...
-
Speculation about Michael Jackson being alive has resurfaced, with some fans claiming to have spotted the King of Pop in recent photos and videos. Despite his official passing in 2009, various conspiracy theories suggest he may have faked his death t...
Facebook Comments