US stock market predictions: Bullish trend in Wall Street to continue? What to expect in S&P 500, Dow Jones, Nasdaq?
Wall Street index S&P 500 and Nasdaq will look to keep up the momentum. There is an important event coming up in the month of January as Donald Trump is scheduled to take charge of the US Presidency.
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«Let's just remember, starting next week, on Monday, that's when a lot of the big money managers come back to the desk,» Ryan Detrick, chief market strategist at Carson Group in Omaha said. «We'll see if this bullish trend can continue,» Detrick added.
Richmond Fed President Thomas Barkin said the US 2025 economic outlook was positive, despite uncertainty about the impact of trade and other policies that may be pursued by the incoming Trump administration.
The newly elected Congress convened for its first session on Friday, and US President-elect Donald Trump is expected to take the oath of office on January 20.
While Trump's proposals — which include cutting corporate taxes, easing regulations and imposing tariffs — could boost corporate profits and energize the economy, but they also run the risk of placing upward pressure on inflation.
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