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US Stocks Decline in Year-End Trading, Despite Record Growth in 2024

share-iconWednesday, January 01 comment-icon3 weeks ago 5 views
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newsweekNEWSWEEK
US Stocks Decline in Year-End Trading, Despite Record Growth in 2024

Credited from: NEWSWEEK

  • Wall Street ended 2024 with mixed stock performance, experiencing a slide in the final trading session.
  • The S&P 500 fell by 0.4%, concluding a remarkable year with an overall gain of 23.3%.
  • The Dow Jones dipped 0.1%, while Nasdaq decreased by 0.9%, despite their impressive annual gains.
  • The market rally was driven by a strong economy and consumer spending, notably in technology stocks like Nvidia.
  • With inflation easing, there are hopes for interest rate cuts, though upcoming policy changes may introduce uncertainty.

Read the full article at Newsweek.

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Us stocks Wall street Market performance S&p 500 Technology sector Recession fears Inflation
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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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