The Federal Reserve Bank of New York's December 2023 Survey of Consumer Expectations revealed declining inflation expectations and varied economic sentiment.
Corporate outlooks for 2024 could decide whether market rally resumes in JanuaryEquity markets remain under pressure as investors await 4th-Q earnings to guide whether November-December rally can be resumed.
The Nasdaq 100 ended the first week of 2024 on a positive note, ending a five-session losing streak, despite volatile trading and conflicting economic data.
Wall Street faces first weekly loss in nine-straight gains; VIX Index still historically low; could be profit taking & combined market cap of Mag7 stocks make up a third of S&P 500's weighting.
It's a mixed session at the end of a bearish week on Wall Street, with major U.S. stock averages reacting to conflicting economic data released Friday.
The early 2024 sell-off has slowed down on Wall Street, with major indices showing flat or marginal performance at noon in New York on Thursday, except for the tech-heavy Nasdaq 100, which continued to drop.