First Day Of Trading For 2024

Market Moves You Need to See First Day Of Trading For 2024 [Kevin Matras - EVP - Photo] Profit from the Pros By Kevin Matras Executive Vice President First Day Of Trading For 2024 [First Day Of Trading For 2024]Image: Shutterstock Stocks closed lower on Friday, but the big three indexes (Dow, S&P and Nasdaq) closed up for the week, extending their winning streak to 9 weeks in a row. The small-cap Russell 2000, and the mid-cap S&P 400 closed modestly lower for the week, capping their winning streak to 6 weeks in a row. But all of the indexes ended the year with big gains. The Dow was up 13.7%; the S&P was up 24.2%; the Nasdaq Composite was up 43.4%; the Nasdaq 100 was up 53.8%; the Russell 2000 was up 15.1%; and the S&P 400 was up 14.4%. The Dow was the first of the indexes to eclipse their previous all-time high from January 5, 2022. They broke thru those old highs on December 13, 2023, taking roughly 23 months to do so. They have since tacked on another 1.99% on top of that. The Nasdaq 100 was next. Their old high was made back on November 22, 2021. They finally broke thru on December 19, 2023, taking them 25 months to do so. They added another 0.36% since then. The Nasdaq Composite, however, still has a ways to go as they’re -7.41% below their all-time high. The S&P also remains below their all-time high from January 4, 2022, but not by much, as they only need another 1.01% to make a new all-time high. It's approaching 2 full years since they last made a new high. I point this out because history shows in the previous 14 times when the S&P has gone at least a full year without a new high, and then finally made one – a year later it was higher in 13 out of those 14 times, and up nearly 15% on average. Whether it happens today, or we have to wait a little longer, it's likely just a matter of when rather than And that bodes well for 2024. Also boding well for 2024 is the fact that stocks typically do well in Presidential election years. In fact, while the 4-year Presidential Cycle shows that year 3 (that was 2023) is the best year for stocks, year 4 (that's 2024) is the second-best year. Then add in that inflation is on the decline, and interest rates are expected to head lower, and the odds for another great year just keep getting better and better. You can further increase your odds of success in the new year by checking out our Top 10 Stocks portfolio. Since 2012, the Top 10 portfolios have nearly TRIPLED the market. While the S&P 500 gained +340.1%, Zacks Top 10 Stocks skyrocketed +974.1%. This year's Top 10 picks will be released this morning (Tuesday, January 2), at 11:00 AM ET. If 2024 is anything like previous years, get ready to watch the Top 10 Stocks soar. [Click here to see the Top 10 Stocks for 2024]( Best, [Kevin Matras - Signature] Kevin Matras Executive Vice President, Zacks Investment Research [Releasing Today: Zacks Top 10 Stocks for 2024]( Don't miss your chance to see our 10 most powerful stock recommendations for the coming year. Since 2012, our Top 10 portfolios have nearly TRIPLED the market. While the S&P 500 gained +340.1%, Zacks Top 10 Stocks skyrocketed +974.1%. With most Top 10 lists, it doesn’t matter whether you check them out now, next week or next month. By contrast, Zacks’ stocks are time sensitive. Their potential value is greatest at the time of their release – today at 11:00 a.m. ET. [Be First to See Them »]( Today's Top Research [Here Are 2023's Top-Performing Stocks From the S&P 500]( While tech led the way in 2023, other sectors such as consumer discretionary also played a large part in the S&P 500's performance. [Read More »]( [CVNA's Epic Comeback Makes it the Top-Performing Auto Stock of 2023]( We examine CVNA's astounding recovery, highlighting how it not only navigated out of troubled waters but emerged as the top-performing. [Read More »]( [5 Top Stocks to Gain From Lower Interest Rates in 2024]( Each of these picks flaunts a Zacks Rank #1 (Strong Buy) or 2 (Buy) with a VGM Score of A or B. [Read More »]( [How Will Earnings Estimates Evolve in 2024?]( It makes sense for growth to moderate going forward to reflect the cumulative effect of monetary policy tightening. [Read More »]( [3 Stocks That Are Better Bets Than Cryptos in 2024]( These stocks have strong positions in generative AI, social media platforms and cybersecurity, making them comparatively stable with immense growth prospects. [Read More »]( [Start Every Day Ahead of Wall Street]( Before you make a trade, get today's market news from Zacks' latest Ahead of Wall Street article. With timely information from Zacks analysts, each daily article features a preview of where the market is headed. Plus, Zacks #1s on the move, stock research reports, earnings and economic news, and a top-headline analyst blog. All of it in one easy-to-follow place to give you the edge. [Get the latest news »]( [Bull of the Day: DaVita (DVA)]( DVA has been a steady performing stock, with compound annual returns of 10.8%. [Read More »]( [New Zacks Strong Buys for January 2nd]( Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. [Read More »]( More Zacks Resources Mobile App Download our app for convenient on-the-go access to even more—daily and weekly newsletters published by Zacks experts, proprietary research and tools, and Portfolio Tracker on Zacks.com. 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