From NASDAQ.:

The stock markets of early 2024 aren’t following the same bullish trend as the end of 2023. While the Dow eked out a gain, other major indices suffered losses. The Russell 2000 was down nearly 5% in just three days. Apple endured its second downgrade in as many days, and mixed economic data will be released. Expectations are for 170-175K new jobs to have been added in December.

The big event this week will be the release of the December non-farm payrolls, which are expected to show job growth of 170-175K but with a rise in the Unemployment Rate. Expectations are for close to 170-175K new jobs and an increase in unemployment to 3.8%. Hourly wages are expected to grow 0.3% for the month and 3.9% annually.

Apple is under pressure in the stock market as more downgrades are pushing the iPhone producer lower. This week, Apple’s share price outlook was slashed by two firms — Barclay’s and Piper Sandler. The S&P 500, and Nasdaq aren’t doing well, and the market sentiment is to avoid risky stocks. The Fed will use the data to decide on their next moves.

Zacks Top 10 stocks for 2024 is out, and it surpassed the S&P 500’s gains. The portfolio is very successful and gained +974.1%. Sheraz Mian handpicked 10 stocks to buy and hold in 2024, from Zacks Rank companies. Whether you are a beginner or a pro, their picks will help you.



Read more: Early 2024 Markets Sweep Up Excesses