From Nasdaq:

The S&P 500 Index reached historic all-time highs during the last session, following more than two years. Major tech stocks led the market’s rebound this week. The Nasdaq 100 also set new all-time records, climbing over the 17,000-point mark. Consumer sentiment is at a two and a half year high, retail sales rose 5.6% compared to a year ago, indicating strong holiday spending.

Sam Altman predicted that more individuals will be conversing with computers in 2024. Leaders at Davos underscored the need for increased human oversight and ethical frameworks as AI becomes more autonomous. Cryptocurrencies, including Dogecoin and Ripple, faced scrutiny at Davos, with experts championing Central Bank Digital Currencies (CBDCs) over volatile tokens. Meta Platforms are making major AI initiatives. Markets have tempered expectations for a Federal Reserve interest rate cut in March and now assign a 50% probability.



Read more: S&P 500’s Record Highs, Davos AI Debate, Strong Consumer Data And Fed Bets: This Week In The Markets