"January's Stock Market Performance Sets Positive Tone for 2024"

Historical analysis from Bespoke Investment Group suggests that if the S&P 500 finishes January in positive territory, it is likely to continue climbing for the rest of the year, with a median performance gain of 13.5% and positive returns 84% of the time. Conversely, if the index finishes January with weaker gains or in the red, its prospects for the rest of the year are less favorable, with a median performance gain of 6.4% and positive returns 68% of the time. As of now, the S&P 500 has gained 2.5% since the beginning of January, but was on track to finish lower at the end of the week.