Stock Market Recap: A Year of Tech-Driven Gains and Geopolitical Tensions

Wall Street ended a banner year marked by AI-driven gains and numerous Fed rate cuts, despite closing lower on Tuesday. The Nasdaq surged almost 30% in 2024, the S&P 500 rose over 23%, and the Dow gained nearly 13%. Investors anticipate challenging factors in 2025, including the Trump administration's policies.

Wall Street concluded a remarkable year with a slight downturn on Tuesday, signaling the end of a period marked by soaring stock values fueled largely by advancements in artificial intelligence and rate cuts by the U.S. Federal Reserve, the first in over three years.

The Nasdaq concluded 2024 with a remarkable 30% increase, while the S&P 500 saw its best two-year performance since the late 1990s with more than a 23% rise. Meanwhile, the Dow Jones achieved a nearly 13% gain.

Looking to 2025, investors are bracing for further rate cuts from the Federal Reserve amidst geopolitical uncertainties and the new policies expected from President-elect Donald Trump. Sectors linked to the ongoing conflicts in regions like Ukraine may face significant challenges, as outlined by Greg Bassuk of AXS Investments.

(With inputs from agencies.)