The US stock market has been on a rollercoaster ride in recent times. The S&P 500 index saw significant gains last week, driven by the rebound of tech stocks following a dismal Q2 earnings report.
"The market is likely to be volatile in the coming weeks as investors wait for more clarity on trade policy and corporate earnings results." - Jim Cramer, CNBC
Key Takeaways from this Week's Market Update
US GDP growth slows down to 1.6% in Q4 (2023): The latest data shows a decline in economic activity, which could lead to interest rate hikes by the Federal Reserve.
The yield on 10-year US Treasury notes jumped to 5.15%, marking the highest level since March 2022: Investors are seeking safe-haven assets as global markets face uncertainty.
For investors looking for a more stable option, dividend-paying stocks have been a popular choice. Companies like Johnson & Johnson (JNJ) and Procter & Gamble (PG) have delivered steady returns in the past year.
Stock Market Outlook: What to Expect Next
The upcoming US presidential election is expected to have significant impact on market sentiment. Analysts predict a potential recession if Democrats win, while some believe an economic downturn will be avoided.
