US market unlikely to repeat stellar performance
Analysts predict an uneven year with modest gains due to pullback of stimulus
AFTER gorging itself on the biggest annual gains in nearly two decades last year, the US stock market may suffer some indigestion in 2014, analysts say.
In 2013, the broad Standard & Poor's 500 rose about 30 per cent, the highest return since a 31 per cent gain in 1997, the dawn of the last great bull market, which would peak in 2000. Most brokers predict an uneven year and modest gains in 2014 as an uptick in interest rates caused by the gradual pullback of Federal Reserve stimulus slows the bull run.
"Are we going to match this year? That would seem almost impossibl…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
BT subscribers can now share 5 premium articles a month with unlimited number of non-subscribers
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds
Vietnam holds first gold auction in 11 years to stabilise market
How Hudson Yards went from ghost town to office success story
Hot stock: Nanofilm jumps 13.1% amid heavy trading on improved Q1 results