Cyber Week — the five-day period between Thanksgiving and Cyber Monday — brought a windfall of $38 billion.
This time last year, analysts were gloomy on what was in store for the stock market in 2023, especially given issues such as the war in Ukraine, the prospect of higher interest rates, and expectations of a recession. So far, those dour predictions have been proven wrong, with the S&P 500 up more than 19% as of Monday, driven by strong outperformance among megacaps like Apple (AAPL), Microsoft (MSFT), Amazon (AMZN) and Nvdia (NVDA). So what's in store for 2024? Some analysts are offering bullish predictions, with Deutsche Bank and BMO strategists predicting a potential 13% rise in the S&P500 (^GSPC). Yahoo Finance’s Market Reporter Jared Blikre weighs in on analysts' predictions and takes a closer look at some of the areas of the market that surprised to the upside, and what might be in store for next year. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Well, don't forget Amazon entirely -- it's important for the growth of these two other companies.