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US stocks: Analysis of the bumpy start to 2024 - expert opinion on current stock market developments in the USA and perspectives for investors.
According to a report from stock3.com, the start of the new stock market year 2024 was poor for the majority of US stocks. The first trading days showed a sell-off of last year's winners, while defensive sectors such as biotech/pharmaceuticals were in demand. However, some technology stocks were able to recover, such as Nvidia shares, which have already reached a new all-time high. The market breadth left something to be desired as most sectors were red and only a few showed green areas. The Dow Jones was weighed down by Boeing shares, while the Nasdaq 100 fell back below its old all-time high. The S&P 500 also showed no clear signals of a...
US stocks: Analysis of the bumpy start to 2024 - expert opinion on current stock market developments in the USA and perspectives for investors.
According to a report by stock3.com, the start of the new stock market year 2024 was poor for the majority of US stocks. The first trading days showed a sell-off of last year's winners, while defensive sectors such as biotech/pharmaceuticals were in demand. However, some technology stocks were able to recover, such as Nvidia shares, which have already reached a new all-time high.
The market breadth left something to be desired as most sectors were red and only a few showed green areas. The Dow Jones was weighed down by Boeing shares, while the Nasdaq 100 fell back below its old all-time high. The S&P 500 also showed no clear signals of a direct attack and breakout.
This development may possibly be due to general uncertainty affecting the market. Investors could temporarily bet on defensive sectors and realize profits from previous positions. However, technology stocks, particularly in the semiconductor sector, could continue to rise and offset early 2024 losses.
It is important to wait for the next few days to see if any clear trends emerge in the market or if further price corrections are to be expected. Inflation data on Thursday could also influence the market and provide further clues.
Read the source article at stock3.com