US stocks closed 2024 on a down note, with the S&P 500 falling 0.4% and the Nasdaq Composite leading losses at 0.9%. Despite this, the S&P 500 finished the year up 23%, marking its highest consecutive annual gain in nearly 30 years, driven by a surge in AI stocks. Palantir was the biggest winner with a 350% gain, while Walgreens Boots Alliance saw a 64% loss.
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0 posts last weekUS stock market experiences decline as 2024 trading year concludes
U.S. stocks experienced a slight decline as 2024 comes to a close, with the S&P 500 down 0.1%, the Dow Jones Industrial Average nearly flat, and the Nasdaq Composite leading losses at 0.3%. Despite this dip, the S&P 500 is up approximately 23.8% for the year, while the Nasdaq has surged nearly 30%. The market’s performance has been influenced by a recent interest rate cut from the Federal Reserve and the political landscape, with significant gains in sectors driven by artificial intelligence.
read moreUS stocks rebound as 2024 trading year approaches a close
US stocks rebounded on Tuesday, with the S&P 500 rising 0.2%, the Nasdaq Composite gaining 0.4%, and the Dow Jones Industrial Average up 0.2%. The S&P 500 is up approximately 23.8% for the year, while the Nasdaq has surged nearly 30%. Despite recent market stalls, 2024 has been marked by significant gains, driven by a surge in artificial intelligence stocks and the Federal Reserve’s first interest rate cut in four years.
read moreBlackRock Predicts Continued US Stock Market Strength in 2025
BlackRock anticipates continued US stock market strength in 2025, driven by robust earnings growth beyond the “Magnificent Seven” tech giants. The firm, along with others like JPMorgan and Bank of America, highlights the US’s economic resilience and AI advancements as key factors for a broadening market rally. BlackRock remains overweight on US equities, expecting a favorable “pro-risk” environment ahead.
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