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Wall Street Rallies as Trade Hopes and Tech Surge Lift Futures to New Heights

U.S. stock futures surged Monday morning, with the S&P 500 and Nasdaq 100 climbing to record highs, buoyed by renewed optimism over international trade negotiations and a tech-led rally. The momentum followed Canada’s decision to scrap its digital services tax targeting American tech giants—an unexpected move that helped thaw stalled trade talks with the U.S. Shares of major technology firms including Amazon, Meta, Alphabet, and Apple rose between 0.6% and 1.7% in premarket trading. The broader market also found support from expectations of deeper interest rate cuts by the Federal Reserve, fueled by soft economic data and speculation that President Donald Trump may replace Fed Chair Jerome Powell with a more dovish successor. As of early trading, S&P 500 e-minis were up 0.39%, Nasdaq 100 futures gained 0.6%, and Dow futures added 0.46%. Despite the record-setting highs, analysts note that the major indexes are still on track for their weakest first-half performance since 2022. ...
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Tips for building your 2024 investment plan


As we enter the new year, it’s a good time to reevaluate your investment strategies and prepare for the evolving market conditions. Here are some tips to help you build a successful investment plan for 2024:

  • Reevaluate your investment strategies: Experts suggest that now is a good time to reevaluate your investment strategies and prepare for the evolving market conditions. Although Bank of Canada Governor Tiff Macklem has said it is too early to consider rate cuts, the central bank could begin cutting interest rates as early as April or May, according to forecasts from TD. Falling interest rates will be the story of 2024, so it’s important to invest accordingly.
  • Consider low-cost dividend-focused index funds: Investing in low-cost dividend-focused index funds can help you generate passive income at a low cost for life.
  • Be cautious with GICs: Last year, many investors chose to park money in savings or a short-term Guaranteed Investment Certificate (GIC), earning risk-free returns of 5 per cent or more. Although it was an effective strategy in a high-interest-rate environment, GIC rates are already falling, and completely opposite market forces are starting to take shape. Canadians looking to simply protect their cash in 2024 could be in for a “rough year,” potentially missing out on greater gains elsewhere.
  • Prepare for the evolving market conditions: With the market conditions evolving, it’s important to prepare for the changes. Falling interest rates will be the story of 2024, so it’s important to invest accordingly.


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