February 26, 2024

Market Recap February 23, 2024

Source: https://www.jhinvestments.com/weekly-market-recap#market-moving-news

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Stocks Indexes Close Sharply Higher as Trump Softens Tone on China; Chip Shares Soar on Broadcom Deal with OpenAI

U.S. stocks rebounded sharply Monday, recovering nearly all of Friday’s steep losses after President Donald Trump struck a conciliatory tone on China, assuring markets that trade tensions “will all be fine.”

Stocks Sink After Trump Threatens 'Massive' Tariffs on China; Nasdaq Hits New Record Before Retreating; Gold Recrosses $4,000

U.S. stocks tumbled sharply Friday after former President Donald Trump threatened “massive” new tariffs on China, sparking renewed trade war fears and reversing early gains that had lifted the Nasdaq to another record high.

Stocks End Lower After S&P 500, Nasdaq Hit Fresh Records; Gold Falls Below $4,000; Delta, Pepsi Pop on Strong Results

U.S. equities ended slightly lower Thursday as investors took profits following fresh record highs in the S&P 500 and Nasdaq Composite, while ongoing political gridlock in Washington and a pullback in gold and crude added to a cautious tone.

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Market Recap February 23, 2024

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