Markets had a volatile week with tech and growth stocks fluctuating, with focus on PMI data.

From Investing.com.: 2024-12-29 23:52:00

US equities had a volatile week, ending with marginal gains as tech and growth stocks fluctuated. The Japanese Yen strengthened due to expected Bank of Japan policy changes, while the US Dollar continued to advance. Key data releases next week include Chinese PMI data and US manufacturing PMI, with a focus on potential economic recovery signs. The Santa Rally started strong, with a gain of 1.08% on the first day, historically leading to positive outcomes. However, a tech and growth stock selloff on Friday dampened the week’s gains. Will the Santa Rally end on a high note before the new year?



Read more at Investing.com.: Markets Weekly Outlook: PMI Data and Increased Liquidity to Drive Markets