Our PureVest Weekly Roundup looked at what drove the S&P 500 to close on Friday at a new all-time high. Lower inflation, expected interest rate cuts, resilient consumer spending, an Apple upgrade, and continued optimism towards AI-related companies are to thank for the market’s continued momentum. 2023 was the worst year for new home sales in nearly 30 years as high-interest rates & low inventory levels caused buyers to put the brakes on.
Netflix’s lower-priced ad-tier model has gained traction, with over 23 million subscribers. In the next two weeks, big tech earnings will be rolling out in what will arguably be the most crucial stretch of earnings announcement in 2024. Will their results justify their price action, or will disappointing reports lead to profit-taking? Enjoy the light reading, and have a great weekend.
Markets & Economy:
S&P 500 rallies 1% to all-time high, surpassing previous record set in 2022
source:www.cnbc.com
Apple stock to jump more than 20%, analyst says
source:www.yahoofinance.com
December home sales slump to close out worst year since 1995
source:www.cnbc.com
23 Million Reasons I’ll Be Keeping an Eye on Netflix Stock in 2024
source:www.fool.com
US judge blocks JetBlue from acquiring Spirit Airlines
source:www.reuters.com
Takeaways from Davos: Business leaders see no recession in 2024
source:www.cnbc.com
US retail sales rose at a faster pace in December
source:www.cnn.com
Q4 Tech Earnings Preview
source:www.TDAmeritrade.com