"Wall Street's 2024 Outlook: Record Stocks, Key IPOs, and Crypto ETF Prospects"

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Source: Fox Business
"Wall Street's 2024 Outlook: Record Stocks, Key IPOs, and Crypto ETF Prospects"
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TL;DR Summary

As we enter 2024, the stock market is poised for another strong year following a record 2023, with the S&P 500 and Dow Jones nearing all-time highs. The Federal Reserve is expected to start rate cuts, which could further stimulate the market. Mortgage rates are retreating, potentially aiding the spring home buying season. The SEC may approve the first spot Bitcoin ETF, potentially driving cryptocurrency values higher. The IPO market is rebounding, with companies like Shein, Stripe, OpenAI, and SpaceX being ones to watch. Nvidia and Apple had significant gains in 2023, with Nvidia up 239% and Apple nearing a $3 trillion market cap. Lastly, the IRS has updated tax brackets for 2024, signaling changes for taxpayers.

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