Nasdaq in 2024: Here's what Wall Street predicts

In 2023, the US stock market witnessed a strong revival. As inflation diminished from its 40-year highs and the Federal Reserve (Fed) embraced a more cautious stance on interest rate hikes, investor confidence in risk assets, especially stocks, saw a renewed upswing.The primary catalyst for this upswing was the ‘Magnificent Seven,’ a cluster of seven leading Big Tech companies flourishing amid the ongoing artificial intelligence (AI) boom. Contributing to the favorable sentiment, the Federal Reserve has rec ...