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
-
SK Networks, an affiliate of SK Group, has committed a KRW 25 billion ($19 million) investment in Upstage, a Korean startup specializing in generative AI solutions. The investment is part of Upstage's Series B funding, positioning SK Networks as the lead investor. Upstage is r...
-
Deepfake technology, an intricate amalgamation of artificial intelligence and machine learning, has emerged as a potent force in the realm of digital manipulation, raising both awe and concern. This advanced technology enables the creation of hyper-realistic, computer-generate...
Facebook Comments