"Key Insights to Watch in Tuesday's Stock Market Opening"

1 min read
Source: CNBC
"Key Insights to Watch in Tuesday's Stock Market Opening"
Photo: CNBC
TL;DR Summary

As the stock market opens for the first trading day of 2024, Wall Street eyes a potential "Santa Claus rally" with the Dow Jones ending 2023 up 13.7%, the Nasdaq up 43.4%, and the S&P 500 up 24.2%. U.S. crude oil experienced its first down year since 2020, dropping 10% amid oversupply concerns. The PGA Tour and LIV Golf continue merger talks past their deadline. Chinese EV maker BYD is set to outpace Tesla in production for the second consecutive year. A 7.6-magnitude earthquake struck Japan on New Year's Day, resulting in at least 48 deaths and triggering evacuations due to tsunami waves.

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