On the first trading day of 2024, both U.S. stocks and bonds experienced a disappointing start, leaving investors who had hoped for a strong continuation of the 23Q4 rebound feeling crestfallen.
In equity markets, a pullback in tech stocks led the $NASDAQ 100 Index (.NDX.US)$ to drop 1.68%, marking its third-worst first-day performance since the bursting of the dot-com bubble in 2001. The $S&P 500 Index (.SPX.US)$ also fel...