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Last Week Was Great Week for the Markets

Last Week Was Great Week for the Markets

March 26, 2024

Last week, the U.S. stock market, including the S&P 500, Dow Jones, and Nasdaq, saw significant gains. The S&P 500 hit its highest point in decades, mainly because the Federal Reserve plans to lower interest rates three times this year, starting possibly in June 2024. This news, along with the success of tech and artificial intelligence companies, boosted investor confidence.

Other market areas also improved, with the Dow and Nasdaq increasing by about 2% and 3%, respectively. A key economic indicator rose slightly in February for the first time in two years, signaling a positive shift due to more factory work, rising stock prices, and increased house building, though full optimism hasn't yet returned.

Most market sectors performed well, led by communications, technology, and energy, except for real estate.

Additionally, treasury yields, which affect how much it costs to borrow money, decreased, indicating cheaper borrowing costs.

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