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Your daily horoscope: December 30, 2024

  HOROSCOPE IF TODAY IS YOUR BIRTHDAY You don’t need to make any big resolutions on your birthday. With a new moon to inspire you the right opportunities will arrive at just the right time and you will know without a shadow of a doubt what must be done – and you will do it magnificently! ARIES (March 21 - April 20): If you make yourself useful to someone in a position of authority now they will find ways to repay you early in the new year. That may sound a bit mercenary but in this dog eat dog world who you know is as important as what you know. TAURUS (April 21 - May 21): If you want to do something out of the ordinary today, something you know is likely to shock friends and family members, then go for it 100 per cent. It’s a good way to end the old year and an even better way to start the new one. GEMINI (May 22 - June 21): It’s time to look ahead and start thinking about your long-term aims and ambitions. That applies as much to personal matters as it does to your career. Y...
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Nasdaq 100 Surges as Investors Bet on Fed Rate Cuts in 2024


The Nasdaq 100 index, which tracks the performance of the largest technology companies in the US, is on track to post its best annual return since the dot-com bubble of 2000, as investors anticipate the Federal Reserve to lower interest rates next year amid slowing economic growth.

The index has gained more than 30% this year, outperforming the broader S&P 500 index, which is up about 25%. The Nasdaq 100 is also close to its all-time high reached in February 2022, before the coronavirus pandemic triggered a global market sell-off.

The rally in tech stocks has been fueled by expectations that the Fed will cut rates as early as March 2024, following a series of weak economic data and rising inflation pressures. The Fed has signaled that it is ready to act if the economy falters, and traders have stepped up bets on rate cuts, according to Fed swaps pricing.

Some analysts believe that lower interest rates will benefit tech companies, which tend to have higher growth prospects and lower debt levels than other sectors. Lower rates also make future earnings more valuable, boosting the valuation of tech stocks.

However, not everyone is convinced that the tech rally will last. Some investors are wary of the high valuations of some tech companies, especially those that have not yet turned a profit. Others are concerned about the potential impact of regulatory scrutiny, trade tensions, and competition on the tech sector.

The Nasdaq 100 index is composed of 103 companies, with the top five being Apple, Microsoft, Amazon, Alphabet, and Facebook. These five companies account for more than 40% of the index’s weight, making it vulnerable to any shifts in their performance or sentiment.

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