February had always been an unfavourable month for the stock market since 1928. This year it is no different. US stocks took a tumble on Wednesday after Federal Reserve put rates on hold until the next Fed meeting scheduled to be around 20th March 2024.
Despite it being the worst month, the S&P 500 still bodes well for February due to a strong performance last year that carried on into January and would likely to continue for the rest of 2024.
Modified in.02-03
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