[Chart courtesy of MarketWatch.com] The Nasdaq Composite led the market lower for the third consecutive day, extending its worst daily drop since October 2023. Investors seemed to lose their appetite for the tech darlings of last year, which had soared on hopes of a dovish fed in 2024. But with the economy still struggling and no clear signal from the …
Stocks Start 2024 On A Negative Note, As Rates Rise And Data Disappoint
[Chart courtesy of MarketWatch.com] The new year started with a sour note for stocks, as they continued their downward slide from the end of 2023. Rising interest rates and profit-taking after a stellar 2023 weighed on the market, especially the Nasdaq, which suffered its worst drop in more than two months. Apple was among the biggest losers, as Barclays cut …