"Wall Street Starts 2024 on Back Foot; Dow Dips as Investors Eye Fed Moves and Cathie Wood Picks Favorites"

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Source: Investor's Business Daily
"Wall Street Starts 2024 on Back Foot; Dow Dips as Investors Eye Fed Moves and Cathie Wood Picks Favorites"
Photo: Investor's Business Daily
TL;DR Summary

The Dow Jones Industrial Average and other major indexes experienced declines ahead of the release of the Fed minutes, with the Dow falling 0.4%. Investors are anticipating the Federal Reserve's next moves, with a majority expecting rates to hold steady in January and a potential rate cut in March. Tech stocks like Apple and Intel saw significant movements, while Cathie Wood of ARK Invest selected Roku, Rocket Lab, and Recursion Pharmaceuticals as her top picks for the new year. Tesla's stock also faced a downturn despite strong delivery numbers reported for December and the full year.

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