After a 10% Rise, What's Next for the Stock Market in 2024?
Login

After a 10% Rise, What’s Next for the Stock Market in 2024?

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

With a 10% increase in the S&P 500 during the first three months of the year, marking record highs on 22 days, what’s the next move? Looking ahead, the market could be propelled further by upcoming earnings announcements from major US corporations.

These reports, along with forecasts for the next quarter and the entire year, have the potential to drive market momentum upwards, particularly if they exceed expectations.

The market’s trajectory is heavily influenced by the actions of the Federal Reserve. The central bank has indicated that investors shouldn’t anticipate a rate cut until the middle of the year.

The decision to cut rates, and the extent of such cuts throughout 2024, hinges on the Fed’s outlook on whether to pursue aggressive measures, which ironically would be prompted by economic weakening.

Investors will face a dilemma, as either scenario—a slowdown in the economy or aggressive rate cuts—could negatively impact the stock market.

The upward trend in crude oil prices has begun, rising from $71 earlier in the year to the current $81. Potential disruptions in the Middle East, such as supply cuts due to conflicts or attacks on Russian oil facilities by Ukraine, along with decreased traffic through the Suez Canal, could further impact supply.

After a 10% Rise, What's Next for the Stock Market in 2024?
US stock market indexes up

Since February 2022, unemployment has consistently remained below 4%, with this February recording a rate of 3.9%. Any increase in this figure would indicate a potential economic slowdown.

Paradoxically, if the jobless rate remains low or decreases further, it could raise concerns about inflation and the Federal Reserve’s response to it.

Investment banks and economists have begun predicting the final trading value of the S&P 500 on December 31, 2024. However, despite their expertise, these forecasts are ultimately speculative guesses.

To have the best trading experience with us,open an account at Longhorn.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News