Markets experience hangover after Christmas rally ...News

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Markets experience hangover after Christmas rally
Early trading in 2024 weighed down by contradictory economic data The first week of January proved to be a rollercoaster for financial markets, as conflicting economic data left investors grappling with uncertainty. After a robust Christmas rally, the markets faced a series of mixed signals, prompting a reevaluation of expectations for the year ahead. As the week concluded, the focus shifted to the upcoming earnings season, particularly in the banking sector, with expectations running high despite the looming specter of inflation. The S&P 500, after weeks of gains, experienced its first week of declines for 2024.

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