Dallas Fed Services Index Indicates Slower Expansion in December
U.S. stock market early session | 2024 is the last trading day for U.S. stocks! All three major Indices rebounded collectively, with Tesla rising nearly 1%; China Concept Stocks surged, with Xiaopeng Autos up nearly 5%.
U.S. stocks opened slightly higher on Tuesday, with major indices expected to achieve significant gains this year, and the S&P Index may rise over 20% for the second consecutive year. In 2024, investor enthusiasm for interest rate cuts, economic growth, and AI drives the S&P 500 Index to rise over 20% for the second year in a row.
Will Inflation Continue to Decline in 2025?
S&P 500 Caps Record Year as Wall Street Eyes 2025 Outlook
There is an optimistic atmosphere, and no one on Wall Street believes that the stock market will decline in 2025.
In the past few decades, Wall Street has never predicted that the US stock market would decline in the following year; even the most pessimistic annual forecasts suggested that the stock market would see slight growth. Over the past 50 years, the S&P 500 Index has recorded declines in 13 years.
The AI boom and the Federal Reserve's interest rate cuts are driving the USA stock market to reach new highs in 2024.
On Tuesday (December 31), USA Equity Index futures rose slightly on the last Trade day of 2024, continuing the bull market that started over two years ago. This trend is supported by signs of economic resilience post-pandemic, expectations of lower borrowing costs, and growth driven by AI. The S&P 500 Index, Dow Jones Industrial Average, and Nasdaq are close to historical highs and are expected to close higher for the second consecutive year.