January 3 news recap

Wednesday news recap:

  • Stocks started the year at record highs. The S&P 500 began the year just shy of 4800 and the NASDAQ began the year at arround 15,000. So far stocks have not moved much. Let's see how stocks progress over 2024. 
  • There was a major plane crash in Japan yesterday. 5 people died but hundreds survived. More people are being found dead in the earthquake zone in Japan. The death toll has surpassed 70. Wow, Japan is off to a rocky start this year. 
  • There was a major explosion in Iran. More than 100 were killed. The attack is being blamed on terrorist, but who planed the bomb is still unknown. Will this lead to an expansion of the war in the Middle East? 
  • US federal government debt officially surpasses $34 trillion! That is a stagering sum of money. Will it ever be repaid?

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