US Equities Struggle in New Year; Optimism Remains for Rest of 2024
Travel stocks gain from receding oil prices, while Walgreens shares tumble after dividend cut. APA Corp. shares drop following acquisition announcement.
- US equities struggle to find footing in the new year, with the S&P 500 marking its third straight day of declines.
- Receding oil prices provide a boost for travel stocks, with gains for cruise operators and airlines.
- Walgreens Boots Alliance shares tumble after the company slashes its dividend, despite better-than-expected quarterly results.
- APA Corp. announces acquisition of competitor Callon Petroleum for $4.5 billion in an all-stock transaction, but shares drop 7.3%.
- Despite losses, market strategists remain optimistic for the rest of the year, with expectations of a better-than-expected earnings season driving potential gains.
CNBC CNBC CNBC 
Investopedia 
Associated Press 
Benzinga 
Fortune Benzinga 
Reuters Benzinga Investopedia 
Washington Post Associated Press 
CNN CNBC 
Forbes 
The Economist The Economist 
CoinDesk CNBC 
South China Morning Post Washington Post Associated Press 
CNA 
The Fiscal Times Benzinga CNA Reuters CNBC CNBC Investopedia Associated Press 
Breitbart 
AOL 
