US Stocks Post Huge 2023 Gain Sparked by Federal Reserve Rate Cut Expectations

The Nasdaq Composite Index tumbled 0.56 percent to 15,011.35. The tech-heavy index still scored a weekly boost of 0.12 percent and a monthly jump of nearly 5 percent. The big story for the Nasdaq was the enormous 43.42 percent annual surge. The S&P 500 Index dipped 0.28 percent to 4,769.83 to close out 2023. Like its index counterparts, the S&P 500 enjoyed a 0.32 percent weekly climb and a 3.81 percent rise this month. This year, it soared more than 24 percent. Other assets put together a terrific 2023. Although they have retreated since hitting a record high, gold prices ended the year above $2,000 on the COMEX division of the New…