Investors grappled with the latest macroeconomic data, which presented conflicting perspectives on the timing of potential interest rate cuts. Despite a somewhat uncertain beginning to the year, the S&P 500 is merely approximately 2% below its recent all-time high. The S&P 500 experienced a notable decline of 1.54% this week, marking the most significant weekly drop since late October. US StocksIn terms of weekly results, both the S&P 500 and Nasdaq Composite concluded the initial week of 2024 with significant declines. The S&P 500 marked its most challenging weekly performance since late October, while the Nasdaq experienced its most substantial weekly setback since late September.

Source: Mint January 07, 2024 22:50 UTC