The S&P 500 is near its all-time high, gaining 0.4% on Tuesday to close the day at 4,774.75. At this level, the index is less than 1% away from its closing record of 4,796.56, set almost two years ago in January 2022. The S&P 500 is coming off eight straight weeks of gains, its most long winning streak since 2017. And even with a shortened trading week, overall market dynamics should help lift the index to a new all-time high. The Dow Jones Industrial Average and Nasdaq Composite are also on an eight-week winning streak. Follow live market updates.
Lisa Su, President and CEO of AMD, speaks during AMD’s keynote address at the Consumer Electronics Show (CES) January 4, 2023 in Las Vegas, Nevada.
Robyn Beck | Afp | Getty Images
Advertisements for Apple smart watches are displayed as customers take a look at smart watch accessories in the Apple Store in New York, the United States, December 26, 2023.
Eduardo Munoz | Reuters
Apple is appealing an import ban on its popular Apple Watches following a complaint from medical monitoring technology company Masimo accusing the tech giant of hiring Masimo employees, stealing its technology pulse oximetry and incorporate it into the device. The US International Trade Commission banned the importation of these watches in light of the complaint, and President Joe Biden’s administration refused to veto the measure. This left Apple to appeal and file an emergency request with the United States Court of Appeals for the Federal Circuit to suspend the ban at least until U.S. Customs and Border Protection rules on redesigned versions of the watches and whether they violate Masimo’s patents. This decision is expected on January 12.
Taraji P. Henson stars in Warner Bros. “The Color Purple.”
Discovery of Warner Bros.
Warner Bros.’ “The Color Purple” Discovery cleaned up at the Christmas box office, raking in $18.15 million. It’s the best holiday box office debut since 2009’s “Sherlock Holmes” and the second best ever. The film, produced by Oprah Winfrey and Steven Spielberg, is based on the Broadway musical adaptation of the book-turned-movie, all of the same name. His opening day performance along with the films “Aquaman and the Lost Kingdom” and “Wonka” mean that Warner Bros. Discovery took the top three spots at the box office over Christmas.
A customer purchases frozen food at a grocery store on December 12, 2023 in San Anselmo, California.
Justin Sullivan | Getty Images News | Getty Images
If 2023 was the year of near-recession, what does that mean for 2024? Well, some experts say we’re not out of the woods. With inflation still rising (although less so) and interest rates still high (although holding steady), some economists are still calling for a mild recession – perhaps even “the mildest in history.” , according to Raymond James. But our chances could be improving: 76% of economists say the chance of a recession in the next 12 months is only half, according to a December survey from the National Association for Business Economics. In other words, more than three-quarters of economists surveyed think it’s more likely that we’ll avoid a recession in 2024. So if 2023 was the year of the near-recession, 2024 could be the sequel.
– Samantha Subin, Fred Imbert, Jordan Novet, Sarah Whitten and Lorie Konish of CNBC and Reuters contributed to this report.
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