{"id":112019,"title":"Wall Street is set for a uptick following a lackluster beginning to 2024.","publisher":"Share Talk","author":"sharetalk","published":"2024-01-04T12:41:46+00:00","modified":"2024-01-04T12:41:46+00:00","canonical_url":"https://www.share-talk.com/wall-street-is-set-for-a-uptick-following-a-lackluster-beginning-to-2024/","markdown_url":"https://www.share-talk.com/wall-street-is-set-for-a-uptick-following-a-lackluster-beginning-to-2024.md","json_url":"https://www.share-talk.com/wall-street-is-set-for-a-uptick-following-a-lackluster-beginning-to-2024.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Asia","Baker Hughes","Barclays","BP","count","crude","Dow Jones","Dow Jones Industrial Average","economy","Fawad Razaqzadal","Federal Reserve","FTSE100","gas","Hamas","HSBC Holdings","Intermediate Crude","Israel","Jamal Khashoggi","Jerome Powell","Joe Biden","Legal & General","Lloyds Banking Group","London","Mohammed bin Salman","NASDAQ","NatWest Group","Netflix","oil","OPEC","OPEC meeting","President","Prince Abdulaziz bin Salman","production","Prudential","RIG","Riyadh","Russia","S&P 500","Saudi Arabia","Share Talk","Shell","Silicon Valley Bank","southern Gaza","Speculators","STOCKS","Tesla","UAE","US","USA","Wall Street","wellpad","West Texas"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Wall-Street-21st-nov-23.jpg?fit=1200%2C800&ssl=1","format":"news","language":"en-GB","content":"The initial days of 2024 saw Wall Street falter, with the S&P 500 experiencing its most significant two-day downturn since late October, as investors cashed in on profits following last year’s robust rally.\n\nThe surge in late 2023 was largely fueled by expectations that the Federal Reserve might begin reducing interest rates this year.\n\nMarket traders currently assign a 72.6% likelihood of at least a 25 basis point reduction in rates by March, with the probability almost reaching 96% for May.\n\nhttps://twitter.com/Share_Talk/status/1742887712166703585\n\nYields on US Treasury bonds have slightly increased, reflecting changing expectations for interest rates, with the yield on the benchmark 10-year note rising to 3.96%.\n\nInvestors are now looking forward to the ADP National Employment Report, scheduled for 1.15 pm UK time, before a crucial employment report on Friday. These reports are expected to provide insights into the state of the labour market.\n\nIn premarket activity, the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all showed modest gains of around 0.1%."}