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
-
In TomTom's latest annual traffic index, Toronto has emerged as the most congested city in North America, surpassing both New York and Mexico City. Globally, Toronto ranks third on the list, following London and Dublin. The data reveals that Toronto commuters spend an avera...
-
North America, a continent as vast as it is diverse, boasts a captivating cultural landscape that reflects the amalgamation of various traditions, histories, and influences. From the vibrant rhythms of New Orleans to the tech-driven innovation hubs of Silicon Valley, the cultu...
Facebook Comments