"Stock Market Triumphs in 2023, Entering 2024 with Robust Gains Despite Recession Concerns"
TL;DR Summary
Stock futures started the new year with minimal changes after the S&P 500 experienced a 24% rally in 2023. Despite a strong performance in the previous year, Wall Street strategists predict more modest returns for 2024. The tech sector led gains in 2023, with significant increases in stock prices for Apple, Microsoft, and Nvidia. Meanwhile, the Dutch government has partially revoked ASML's export license to China, affecting the shipment of advanced chip-making systems. In other economic news, Singapore's GDP saw a notable increase in the final quarter of 2023, while Australia's factory activity experienced its fastest contraction since May 2020.
- Stock futures are little changed as market kicks off new year's trading after a strong 2023: Live updates CNBC
- Stocks went gangbusters in 2023. Here are the biggest winners and losers CNN
- Stock market surges into 2024, shrugging off recession fears The Washington Post
- S&P 500 Snapshot: Index Ends 2023 Up 24.7% ETFdb.com
- How Wall Street powered through recession fears The Hill
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