2023 was supposed to be India's year. With a rapidly growing economy and expanding equity markets, the country was seen as a top investment destination by major money managers. However, things have not gone according to plan. The report by short seller Hindenburg Research last week alleging stock manipulation and accounting fraud by Adani entities added more fuel to the selling pressure on the stock.

New Oriental Education & Technology Group Inc. (EDU) is a leading provider of online education in China. The company's shares are listed on the New York Stock Exchange. In July 2021, the company's shares rose sharply after it announced strong financial results for the fiscal year ended June 30, 2021. TAL Education Group is a leading provider of educational services in China. The company offers a wide range of services, including tutoring, test preparation, and online education.

Futures for the S&P 500 fell 0.3% on Friday. Contracts for the tech-focused Nasdaq-100 declined 0.6%, while futures for the Dow Jones Industrial Average were close to flat. Investors are assessing how a fresh batch of economic data is likely to impact central-bank policy through the course of this year. The Fed raised interest rates seven times last year in an effort to slow economic growth and curb inflation.

Many people use the new year to make a fresh start, and the market has certainly done so. After a painful 2022, the S&P 500 has jumped 5.5% in 2023, and is inching higher again Thursday following robust GDP data.‍ Barron's provides live coverage of financial markets, from stocks and bonds to oil and crypto. This allows investors to stay up-to-date on the latest market developments. The confidence that comes with making a New Year's resolution may be gone by December.

The Federal Reserve's preferred measure of inflation rose 4.4% annually in December, down from 4.7% in November. This is the latest sign that the era of red-hot prices is coming to an end, and that the Fed may soon pivot to a less aggressive monetary policy stance.‍ The core personal-consumption expenditures (PCE) price index, also known as the core PCE deflator, rose 4.4% on an annual basis in December, in line with expectations of economists surveyed by FactSet.