US stocks face uncertainty as economic growth determines rally
US stocks have started the year on a cautious note as traders scale back their optimism regarding the timing and magnitude of US interest rate cuts. This has halted the nine-week rally of the S&P 500. According to Michael Wilson, a strategist at Morgan Stanley, the stock market is likely to experience “twists and turns” throughout the year as views on the economy continue to shift. The key factor that will determine the fate of US stocks is economic growth.
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