Only 1 Week Into 2024 and the S&P 500 and Dow Are Crushing the Nasdaq. Here's Why It Could Continue
After the first full week into 2024, market dynamics are looking far different than in 2023. After the first five trading sessions, the Dow Jones Industrial Average (Dow) was down 0.6%, the S 500 fell 1.5%, and the Nasdaq Composite was down 3.3%.
Yet over the last five years, the Nasdaq is up 115.5%, higher than the S 500's 85.5% gain and dominating the Dow's 59.9% rise. But the S&P 500 and the Dow could easily beat the Nasdaq in 2024 for one simple reason. So the billion-dollar question is: Is the market's behavior in the first week a forewarning for what's ahead?
Image source: Getty Images.
Source Fool.com
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