Wall Street closes out 2024 with losses but records significant annual gains

In a year marked by unprecedented economic challenges, Wall Street ended 2024 on a down note, with stocks slipping as the year came to a close. However, despite the year-end dip, NBC News’ Brian Cheung reports that overall, 2024 was a positive year for investors.

Throughout the year, Wall Street saw substantial gains and investors reaped the benefits of a strong economy. Despite global uncertainties such as the ongoing trade war and political turmoil, investors remained optimistic and continued to see their investments grow.

The year was marked by significant milestones, including record-breaking stock market highs and increased consumer confidence. The Federal Reserve’s decision to maintain low interest rates also had a positive impact on the market, driving further growth and stability.

While the year ended on a slightly negative note, experts remain confident that the overall trend is positive and that Wall Street is poised for continued growth in the coming year. Investors can look back on 2024 as a successful year for their portfolios, with substantial gains and promising outlook for the future.