Year in Review: Indices have in recent years outperformed Vancouver real estate, other investments
Stock-market investors have enjoyed a banner 2024 despite the decline in the markets today.
The age-old question is where the markets go from here.
Markets in the U.S. fell today after U.S. Federal Reserve chair Jerome Powell said the Fed intends to slow the pace of interest-rate cuts. Most Fed officials’ projections newly project two rate reductions next year, down from four in their last meeting.
The S&P500 fell 2.95 per cent to 5,872, while the Nasdaq Composite Index was down 3.56 per cent, to 19,392. The Nasdaq had traded above 20,000 for the first time Dec. 11.
Canada’s benchmark Toronto Stock Exchange (TSX) Composite Index fell 2.24 per cent to 24,557, making its return 17.65 per cent so far this year.
If the TSX regains ground lost since early December, when it was up more than 23 per cent year-to-date, it…
