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
-
Chief Justice of Pakistan, Qazi Faez Isa, emphasized the constitutional status of the Election Commission of Pakistan (ECP) on Friday, stating that the court had no authority to interfere in its affairs. These remarks were made during the hearing of an appeal filed by the ECP ...
-
Veteran actor and director Khalid Saleem Butt, aged 76, breathed his last in Lahore on Thursday night. The cause of death, as reported by APP, was complications arising from liver and kidney-related diseases. Butt commenced his illustrious career in the 70s, leaving an inde...
Facebook Comments