Q1 2024 In Review and Q2 Market Outlook (2024)

FAQs

What is the market outlook for q1 2024? ›

Between January and March 2024, 69% of advisors expected markets to rise over the coming year while 17% expected them to fall. This represents a slight increase in sentiment over the previous quarter. This overall outlook is similar to where it was in the third quarter of 2023.

The Big Money bulls forecast that the Dow Jones Industrial Average will end 2024 at about 41,231, 9% higher than current levels. Market optimists had a mean forecast of 5461 for the S&P 500 and 17,143 for the Nasdaq Composite —up 9% and 10%, respectively, from where the indexes were trading on May 1.

The U.S. stock market climbed to an all-time high in the first quarter, with the benchmark S&P 500 index surpassing 5,000 for the first time. U.S. stocks rose more than 10% to start the year while international stocks posted returns of nearly 6%. Source: Morningstar Inc, Tamarac Advisor View as of March 31, 2024.

The S&P 500 Index rose an impressive 10.6% in the first quarter adding to the 11.7% gain in the fourth quarter. The recent rally in stocks has seen the S&P 500 reach several new highs during the quarter.

We foresee both headline and core inflation falling to around 3% year over year by the end of 2024, down from 3.4% and 3.9% on a “trimmed mean” basis, respectively, in February. We expect inflation to fall to the midpoint of the RBA's 2%–3% target range in 2025.

The estimates from strategists put the median target for the S&P 500 at 5,200 by the end of 2024, implying a decline of less than 1% from Friday's level, according to MarketWatch calculations. Heading into 2024, the median target was around 5,000 (see table below).

The S&P 500 soared throughout the year and finally reached a new high in January 2024, making the new bull market official. The onset of a new bull market has historically been a very reliable stock market indicator.

Target Stock Price Forecast 2024-2025

The forecasted Target price at the end of 2024 is $207 - and the year to year change +45%. The rise from today to year-end: +29%. In the middle of 2024, we expect to see $168.

The S&P 500 returned 11% in 1Q 2024 reaching a new all-time high and posted the strongest 1Q return since 2019.

Q1 is acronym that stands for the first quarter of the fiscal calendar or calendar year. For example, if the company has a calendar year that ends December 31st, then Q1 would be the financial results for January 1st to March 31st.

What are the best performing sectors in Q1? ›

Bolstered by AI, the information technology sector outperformed most markets during the quarter, with energy and financials also performing relatively well. Meanwhile, the real estate, utilities, consumer staples and materials sectors underperformed across most markets.

The US stock market enjoyed a strong first quarter in 2024, advancing 10%. But inflation was stickier than some expected.

Real gross domestic product (GDP) increased at an annual rate of 1.6 percent in the first quarter of 2024 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2023, real GDP increased 3.4 percent.

(Nasdaq: NDAQ) today reported financial results for the first quarter of 2024. First quarter 2024 net revenues¹ were $1.1 billion, an increase of 22% over the first quarter of 2023, up 6% organically² or 7% on a pro forma³ basis, including Adenza in the first quarter of 2023 results for Nasdaq.

Summary: The CPI and PCE increased 3.5% and 2.7%, respectively, year on year in March 2024. The PCE Index is projected to fall to 2.1% by fourth-quarter 2024, averaging 2.3% for the year. Supply chain improvements and falling housing prices have yet to be fully reflected in inflation numbers.

The consensus Meta share price forecast is that it could rise 15.36% over the coming year to $509.18 from its $441.38 closing price on April 25, 2024. Elsewhere, the Meta stock forecast of TipRanks has the stock as a 'Strong Buy,' based on the views it's collated from 43 Wall Street analysts as of April 26, 2024.

By the end of 2025, inflation is expected to be back on central bank targets in most major economies. GDP growth in the United States is projected to be 2.6% in 2024, before slowing to 1.8% in 2025 as the economy adapts to high borrowing costs and moderating domestic demand.