2024 Starts with a Slowdown in Stock Market, Challenging Fed Rate Cuts The “Magnificent 7” stocks, including major tech and consumer giants like Microsoft, Meta Platforms, Amazon, Apple, NVIDIA, Alphabet, and Tesla, experienced a slowdown at the beginning of 2024, following an impressive 107% gain in 2023. This trend was also seen in the broader S&P 500, where mega-caps underperformed and the equal-weighted index outdid the capitalization-weighted one. Small-cap stocks, in particular, faced challenges, as seen in the Russell 2000’s performance. This downturn is partly attributed to market rebalancing in the new tax year and profit-taking from previous winners. This shift suggests a growing uncertainty about the economy’s ability to achieve a soft landing, impacting investor confidence and the market outlook. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Uncertain Path of the Global Economy in 2024: What to Watch READ MORE February Sees First Drop in Consumer Confidence Since November, Signaling Economic Unease READ MORE A Special Invitation: Join Me at the Limitless Expo READ MORE Trump Threatens 100% Tax on Imports from Countries Ditching the Greenback READ MORE Thirty-Six Minutes of Chaos: Analyzing the Flash Crash READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment