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Tuesday, June 25, 2024

Dow Jones in 2024; Here’s what Wall Street predicts

Dow Jones in 2024; Here’s what Wall Street predicts

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The US stock market experienced a robust resurgence in 2023. As inflation receded from its 40-year highs and the Federal Reserve adopted a more measured approach to interest rate hikes, investor confidence in risk assets, particularly stocks, increased once again. 

However, the true driving force behind this rally was the so-called ‘Magnificent Seven,’ a group of seven prominent Big Tech companies thriving amid the ongoing artificial intelligence (AI) boom.

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