The First Slice for Tuesday, March 26, 2024

The First Slice for Tuesday, March 26, 2024

The First Slice for Tuesday, March 26, 2024

As the curtain begins to close on March, the major U.S. stock indexes took a slight step back, with the Nasdaq retreating from its record highs, marking the beginning of a holiday-shortened week. Despite this minor setback, the stock market remains on a trajectory for impressive first-quarter results, with the S&P 500 eyeing a 9.4% quarterly increase. This surge in the stock market has analysts digging through historical data to predict how the market might fare for the remainder of the year.

The current economic climate is surprisingly strong, with growing optimism around earnings growth. However, the direction of the stock market could significantly depend on the Federal Reserve’s ability to execute three rate cuts in 2024 while continuing to combat inflation. The Fed aims to bring inflation down to its 2% annual target, a journey described as the “last mile” in its fight against rising prices.

Keith Lerner, co-chief investment officer at Truist Advisory Services, highlighted the stock market’s resilience, noting the S&P 500’s nearly 25% return over the past five months since rebounding from last October’s lows. Historical patterns suggest that such periods of robust performance often lead to continued strong market results over the following year. However, Lerner also cautioned investors to be prepared for potential market pullbacks along the way.

As the first quarter draws to a close, the Dow has seen a 4.3% increase, while the Nasdaq boasts a 9.2% rise, showcasing the market’s overall strength and resilience. This performance sets the stage for what could be an eventful year in the stock market, with investors closely watching the Federal Reserve’s next moves and the broader economic indicators……….First-Slice-e1700879991202 The First Slice for Tuesday, March 26, 2024[read more]

*Click on the “First Slice” icon to read the full article. After you read it, come back and tell us your thoughts.

0 0 votes
Article Rating
stone-street-coffee-logo The First Slice for Tuesday, March 26, 2024 ☕️ **Discover Stone Street Coffee Company – Your Coffee Haven!** Today’s Dough readers, if you’re on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today’s Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street’s commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

Subscribe
Notify of
d7c3d1a348bc0a437cecf22841498831?s=56&d=mm&r=g The First Slice for Tuesday, March 26, 2024

0 Comments
Inline Feedbacks
View all comments

Share this content:

0 0 votes
Article Rating
stonestreetcoffee.com ☕️ **Discover Stone Street Coffee Company - Your Coffee Haven!** Today's Dough readers, if you're on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today's Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street's commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x
×