2024 Stock Market News: The Year At A Glance

As we bid farewell to 2024, it's time to take a look back at the year that was for the U.S. stock market. Despite high interest rates and rising unemployment, the U.S. economy grew by approximately a robust 2.9% in 2024, powered by resilient consumer spending. Traditional economic indicators consistently signaled contraction, yet the economy continued to expand, driven in part by a dominant U.S. services sector. Even with tighter monetary policy, easy financial conditions prevailed and AI enthusiasm sent tech valuations soaring. The economy and markets' unpredictability in 2024 highlights the importance of actively managing risks in your portfolio.