Stocks fell on Monday amidst a backdrop of uncertainty as investors awaited Nvidia’s artificial intelligence event and the Federal Reserve’s policy meeting later this week. The Nasdaq dropped by 0.5%, marking its worst performance since October.
Democrats Feeling Better Economically
According to the data, Democrats are more likely to report feeling better about the state of the economy than their Republican counterparts. This may be due to factors such as increased vaccination rates, the passage of the American Rescue Plan, and the administration’s efforts to stimulate economic growth.
IBM, the multinational technology and consulting corporation, saw its stock price surge to levels not seen since 2013, leading investors to wonder if Big Blue is positioned to become an Artificial Intelligence (AI) winner. With a rise of over 10% in the past month, the company’s stock has garnered significant attention.
The Cass Freight Index, a highly regarded measure of the US shipping industry’s health, has reportedly sounded the alarm bells once again. This indicator, which has successfully predicted the past four recessions, has just registered its tenth consecutive month of year-over-year decline. According to experts, if history is any indication, this pattern could signify an upcoming downturn in the economy.
Inflation, the persistent rise in prices of goods and services over time, is displaying a trend not seen since 2009. With potential implications for the stock market in 2024, economists and investors are closely monitoring this development. The recent surge in inflation rates raises concerns about its impact on consumer spending, investment decisions, and overall market stability. Here’s a closer look at this noteworthy phenomenon and its possible consequences.
Inflation, the persistent rise in prices of goods and services over time, has always been a concern for economists and investors alike. However, the current situation is indicating a development that hasn’t been witnessed since 2009, and it has the potential to cause a significant impact on the stock market in 2024.
