As the curtains rise on 2024, Wall Street deals with a turbulent start, straying from its triumphant rally in the previous year. The S&P 500 and Nasdaq Composite, previous bearers of market optimism, surrendered to a cautious retraction, with the former shedding 0.9% and the latter marking its most pronounced decline since October.

In a striking display of enduring market drive, Wall Street's major indices ascended to commendable heights on Monday, reinforcing the robustness of its seven-week winning streak. The Dow Jones Industrial Average notched a modest gain, while the S&P 500 and Nasdaq Composite showed more significant advances

In a remarkable demonstration of market buoyancy, the Dow Jones Industrial Average charted new territory, surpassing the 37,000 threshold for the first time, boosted by the Federal Reserve's indications of potential rate cuts in the upcoming year.

In an extraordinary turn of events that underscored the resilience of the U.S. economy, the S&P 500 leaped to a new peak for 2023, courtesy of robust economic data and a tempered outlook on inflation.

In a significant reversal, Wall Street experienced a robust comeback on Thursday, with the Nasdaq Composite at the forefront of this revival.

In a stark contrast to the recent rally, Wall Street encountered a hiccup in its upward climb on Monday, as major indices retreated from their consecutive weeks of gains. The Dow Jones Industrial Average, which had been riding a wave of optimism, experienced a slight contraction, shedding 23 points, a subtle yet telling 0.1% dip.

In a significant boost to Wall Street's confidence, Nasdaq led the charge as major U.S. stock indices closed higher on Monday.

The Dow Jones Industrial Average responded positively to the latest Producer Price Index (PPI) data, indicating easing inflation, with an impressive gain of over 150 points.

The stock market experienced a notable rally, with the S&P 500 logging its best day since April and the Dow Jones Industrial Average soaring nearly 500 points.

In a trading day characterised by cautious anticipation and nuanced market reactions, the S&P 500 displayed remarkable stability, closing nearly flat. This subdued closure follows Moody's recent revision of the U.S. outlook and comes on the eve of a highly anticipated inflation data release.

Last week's financial markets have been a theatre of contrasting scenarios. The Dow Jones Industrial Average has shown remarkable resilience with a significant rally, while Saudi Arabia ETFs have faced unprecedented outflows.

In a testament to its enduring resilience, the S&P 500 index carved out an eighth straight day of gains, despite a modest uptick, while the Nasdaq Composite marginally retreated by 0.1%, and the Dow Jones Industrial Average edged down by 0.2%, shedding 80 points.