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
-
The Ministry of Foreign Affairs of Pakistan announced its support for South Africa's application filed at the International Court of Justice (ICJ) concerning Israel's violations of its obligations under the 1951 Genocide Convention in relation to the Palestinian people in Gaza...
-
In Pakistan, the legislative process has come to a halt due to delays in holding elections, plunging the country into a state of uncertainty and crisis. The absence of a functioning assembly has paralyzed the legislative machinery, with widespread concerns about the impact on ...
Facebook Comments