The U.S. stock market will be closed on January 9 to mourn former president Carter's passing, a tradition that has been in place for a hundred years.
① The U.S. stock market will be closed on January 9 next year to mourn former President Carter; ② Closing the market to commemorate former presidents is also a tradition in the American Financial market that has lasted for over a hundred years; ③ It is reported that the Bonds market will close early at 2 PM on January 9.
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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.
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U.S. stocks show signs of "fatigue" at the end of the year; what will happen next year? Experts say the January inflation report may be the key!
① After achieving double-digit growth in the USA stock market in 2024, it showed signs of fatigue towards the end of the year, and a year-end rebound did not occur. Renowned Analyst Gene Munster believes the market is tense and is looking for reasons to retreat; ② he thinks that the inflation report set to be released in January could become a key turning point. In this regard, Wharton School professor Jeremy Siegel also expressed agreement.