Posted 1/14/2024, 5:01:00 PM
Stocks Struggle to Set New Highs As Investors Eye Economic Data, Earnings
- U.S. stocks struggling to make gains early in 2024 as investors await economic data like retail sales and company earnings reports
- S&P 500 index hovering near all-time highs but unable to reach fresh record closes recently
- Investors watching for December retail sales data on Wednesday to gauge consumer spending strength
- Bank earnings reports this past week mostly disappointed, while healthcare giant UnitedHealth fell Friday
- Expectations for 2024 include lower S&P 500 returns, sticky inflation, potential rise in unemployment rate