Stocks Near Record Highs

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bullish market sentiment

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stock market rally

Yahoo Finance

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10 charts that tell the story of markets and the economy in 2024

Summary

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Stocks are ending 2024 near record highs.

Despite declines in the market in recent weeks , investors have found reasons to be optimistic about the future.

Despite a brief growth scare that spooked investors in late summer , the US economy is ending 2024 on solid footing.

Analysts pin the rally on strong corporate earnings and outsized momentum from several members of the Magnificent Seven tech stocks.

Unemployment rate at 4.3% in July triggered recession indicator known as Sahm Rule .

Jobless rate hit its highest level of 2024 and triggered recession warning sign.

Unemployment rate now sits in a place consistent with a "soft landing" The Federal Reserve has slashed interest rates by a total of 100 basis points in 2024 .

In September , officials had projected four cuts next year .

That's now shifted to between one and two .

In 2026 , officials see two additional cuts, bringing the fed funds rate down to 3.4% .

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