Posted 1/5/2024, 12:44:00 PM
Stocks Soar to Record Highs in 2023 Despite Looming Recession Fears
- Stocks soared in 2023, defying expectations of another down year amid recession worries
- The S&P 500 gained 24%, the Dow rose 14%, and the Nasdaq surged 43%
- Fears of a 2023 recession never materialized as the economy and consumer spending stayed resilient
- A regional banking crisis sparked volatility, but didn't derail the market's record-setting rally
- Shoppers set new records over the holidays, spending $222 billion online amid deep discounts