Markets In A Nutshell — For February 2024
Investors showered US stocks with love this Valentine’s month, spurning bonds. The US S&P 500 Index surged 5.2%, closing above the 5,000 level for the first time. The Nasdaq Composite and Dow Jones indices also achieved all-time highs. In contrast, US bonds fell on robust economic data and an uptick in US inflation — which again pushed out expectations for the timing of the US Federal Reserve’s first interest rate cuts.
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