Wall Street Ends Year on a Low Note Despite Strong Annual Performance - PRESS AI WORLD
PRESSAI
Economy

Wall Street Ends Year on a Low Note Despite Strong Annual Performance

share-iconWednesday, January 01 comment-icon3 weeks ago 8 views
News sources:
huffpostHUFFPOST
Wall Street Ends Year on a Low Note Despite Strong Annual Performance

Credited from: HUFFPOST

  • On the final trading day of the year, stock indexes mostly declined, marking a downbeat finish to a milestone year.
  • The S&P 500 slipped 0.4%, closing out the year with a 23.3% gain, its second consecutive year with over 20% growth.
  • Big Tech stocks significantly contributed to this year's rally, with the Nasdaq gaining 28.6% throughout the year.
  • Strong corporate earnings and a robust economy, alongside receding inflation, helped sustain market growth despite recent concerns over rising interest rates.
  • Looking ahead, markets will be closed on New Year’s Day, with updates on U.S. construction spending and manufacturing expected later this week.

For further details, visit the original article here.

SHARE THIS ARTICLE:

nav-post-picture
nav-post-picture