Stock market today: Dow, S&P 500, Nasdaq slide as Wall Street tries to end roaring 2024 on a high note
Published On Dec 31, 2024, 11:15 AM
US stock markets experienced a downturn with the S&P 500, Dow Jones, and Nasdaq all slipping. Despite this, the S&P 500 is still projected to close the year with approximately a 24% gain, marking significant recovery and consistent growth driven primarily by technology stocks. The Federal Reserve's recent interest rate cuts and political changes, such as the upcoming presidency of Donald Trump, have played a role in market dynamics. Analysts foresee potential growth for 2025 but caution against another year of 20% gains due to elevated expectations for corporate earnings.
Stock Forecasts
SPY
Positive
Given the substantial year-end gains and the ongoing political and economic changes, particularly the anticipated growth in S&P 500 earnings, the market will likely stabilize and continue its upward trajectory. However, recent declines suggest some volatility is expected.
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