The Markets (as of market close January 5, 2024) After pulling off a surprisingly strong rally in the fourth quarter of 2023, the stock market took a tumble during the first week of the new year. All five of the indexes listed here ended lower, with the Russell 2000...
The markets closed out last week and the year with gains, despite losing steam at the end of the week.
Stocks notched their eighth straight week of gains heading into the holiday-shortened week.
Last week saw stocks rally after the Federal Reserve policy statement released last Wednesday suggested no more interest rate hikes, while predicting rate cuts in 2024.
The first week of December saw stocks close higher.
The markets continued to flourish last week. Investors were not deterred by a warning from Federal Reserve Chair Jerome Powell that interest rate hikes may not be over, and it is premature to speculate when rate decreases will begin.
Market activity was subdued during Thanksgiving week, which saw stocks close higher.
The market enjoyed a favorable week as each of the benchmark indexes listed here gained ground. Inflation data showed consumer prices moderated in October, while the Federal government avoided a shutdown.
Stocks closed generally higher last week on continued hopes that the Federal Reserve is done raising interest rates despite more hawkish comments from Fed Chair Jerome Powell.
Wall Street ended a two-week bear run as stocks enjoyed their best week of the year.
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