The S&P 500 index ends the year 2023 with gains of 24%‎

US stocks fell, Friday, December 29, closing slightly lower on the last trading day of 2023, culminating a strong rally at the end of the year, with investors looking forward to easing monetary policy next year.

The market witnessed notable upward momentum in the final months of the year, resulting in all three major indices achieving monthly, quarterly and annual gains.

Over the course of the year, the three companies recorded double-digit growth

During Friday’s trading, the S&P 500 index fell by 0.2%, ending the year’s trading at 4,769 points.

The index achieved a 9-week winning streak to end the year 2023 with gains of 24%.

While the Dow Jones Industrial Average lost 44 points, or 0.1%, to close at 37,689 points.

The index ended this year with gains of 13.7% and achieved a new record during 2023.

The Nasdaq Composite Index fell by 0.5%, closing at 15,011 points.

But the Nasdaq rose 43.4% in its best year since 2020.

The year 2023 has been a turbulent year, marked by the US banking crisis in March, a boom in artificial intelligence stocks, concerns about oil supplies in the Middle East resulting from the war between Israel and Hamas, and fears that a restrictive Federal Reserve policy might push… The American economy is in recession…

Expectations of lower interest rates helped spark a noticeable rise at the end of the year, which turned into an excessive increase in December when the Federal Reserve opened the door to lowering US interest rates in 2024 after an interest rate campaign that helped reduce inflation. Towards the central bank’s annual target of 2%

During the year, the technology and communications services sectors were the best performers among the 11 major sectors on the S&P 500, along with utilities, energy, and consumer staples.