The news about the stock market’s performance in 2017 has been mixed.
The S&P 500 has surged in recent weeks, but the broader market has not seen much improvement.
Investors have been looking for more immediate gains, while others are looking to the Fed for help.
The news that China’s economy contracted for the first time in five years has also raised fears that the Chinese economy is heading for a soft landing.
China has been one of the main drivers of global growth for a decade, but it has struggled to meet the needs of a rapidly growing middle class.
The Dow Jones Industrial Average has soared 762 points or 3.3%, its biggest weekly gain since July.
The index is up 6.9% from its December high.
The Nasdaq composite index is down 2.6% from a record high.
US stocks are expected to trade lower than they did last year after Donald Trump’s inauguration and President Trump’s decision to withdraw the US from the Paris climate accord.
The Dow has soared 926 points or 2.4% since the election.
The broader market is expected to do well after the new US administration takes office on January 20.
US markets will likely be closed for the new year and the first week of February as traders scramble to clear stocks from trading desks.
But investors may be surprised to see a significant decline in the Dow after it rose over 10% this year, which is well below its peaks of the early 2000s.
Investors may also be disappointed by the slow growth of China’s economic growth.
While China’s GDP is growing faster than its industrialised peers, its population is shrinking at a much faster rate than in the United States.
China’s growth rate slowed from 8.3% in 2016 to 6.4%, according to China’s National Bureau of Statistics.
According to a report by the McKinsey Global Institute, China is now on track to overtake the US as the world’s largest economy in 2021.