CandleFocus

2024’s market ends on a sleepy note

Author: Content Editor
On the final trading days of the year, stocks traded sideways and cryptocurrencies dipped. The S&P 500 was down slightly while the Nasdaq Composite gained a small percentage. Bitcoin and ether both experienced declines over the past 24 hours. The market movement took place as investors reviewed the latest economic data report on initial jobless claims, which showed a slight decrease in first-time filers but slightly higher continuing claims. This report did not affect the odds of an interest rate cut from the Federal Reserve next month. Market experts suggest that the behavior of the fixed income market and the reassessment of monetary policy expectations could put pressure on equities. In the crypto space, regulatory news is expected to be a significant factor in market movements next year, with the new leadership at regulatory agencies and promises from President-elect Donald Trump potentially impacting the industry. However, macroeconomic conditions and monetary policy will also continue to influence crypto prices.

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