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 Global Recession Unlikely, Says IMF's Top Economist READ MORE Gold Hovers Near $2,400 as Rate Cut Expectations Grow READ MORE Falling Retail Sales Drive Treasury Yields Down, September Rate Cut Likely READ MORE Central Banks Tread Cautiously in Final Stretch of Inflation Battle READ MORE The Growing Shadow of Credit Card Debt: A Crisis Looming Over American Consumers READ MORE Add a Comment Cancel replyYour email address will not be published.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