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US Stocks Set for Second Straight Year of Gains in 2024

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The US stock market is poised to close out 2024 with another year of substantial gains, marking the second consecutive year of at least 20% increase for the S&P 500. This impressive performance follows a 24.2% surge in 2023 and a projected 24.3% rise in 2024, fueled by a strong economy and the Federal Reserve's rate cuts. Big Tech companies have played a significant role in these gains, but other sectors have also contributed to the positive market trend.

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FILE - A sign for a Nvidia office building is shown in Santa Clara, Calif., on Aug. 7, 2024. – What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates.The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it wasn't just Apple, Nvidia and the like.Remember when President Bill Clinton got impeached or when baseball's Mark McGwire hit his 70th home run against the Montreal Expos? That was the last time the U.S.

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S&P 500 Set for Nearly 27% Gain in 2024, Led by AI StocksThe S&P 500 is poised to close 2024 with a significant 27% gain, following 50 record-breaking sessions and a strong previous year's performance. This impressive growth, however, is driven by skyrocketing prices in the artificial-intelligence sector, rather than dot-com stocks. Notably, companies like Nvidia and Super Micro Computer have seen substantial value increases.
Источник: mercnews - 🏆 88. / 68 Прочитайте больше »

CNBC Pro Picks Tech Stocks Poised for 30% Gains in 2024CNBC Pro identifies tech stocks with strong growth potential in the new year, focusing on names in the Nasdaq 100 with consensus buy ratings and price targets suggesting at least 30% upside. The report highlights Nvidia as a top pick despite recent market jitters, citing the company's robust underlying dynamics and Morgan Stanley's continued bullish stance.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Nvidia Aside: Top 5 AI Stocks to Buy in 2024 and WhyStocks Analysis by Chris Porteous covering: S&P 500, Alphabet Inc Class A, NVIDIA Corporation, Advanced Micro Devices Inc. Read Chris Porteous's latest article on Investing.com
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »