Stocks Close Out 2023 With Gains Despite Economic Worries
• The stock market closed out a winning year, defying earlier recession predictions • The S&P 500, Dow Jones, and Nasdaq all saw double-digit percentage gains in 2023 • Gains were driven partly by signals that the Fed will cut interest rates in 2024 • "Magnificent Seven" tech stocks like Apple and Microsoft rallied strongly • Polls show everyday Americans less positive on economy than markets