Where Stock Market Is Headed After Wild First Half: Five Charts

-- A boom in artificial intelligence fueled a blistering first half for the US stock market, and traders expect to see the same — and more — in the remainder of the year.The S&P 500 Index has climbed 14% since the beginning of January, notching its second-best stretch of records to start a year this century, thanks to a resilient economy, improved corporate earnings and torrid demand for companies linked to AI.

The S&P 500’s current bull run has added more than $16 trillion in market value since a closing low of 3,577.03 on Oct. 12, 2022. It now trades within striking distance of 5,500. AI chipmaker Nvidia contributed the most to the S&P 500’s rally in 2024. Even with a recent pullback, it rallied roughly 150% on a total return basis. Runners-up are Constellation Energy Corp., rising nearly 72%, followed by General Electric Co., Eli Lilly and Co., and Micron Technology Inc.In terms of index-point contributions, Nvidia also holds the top spot, adding 218 points. Microsoft added 64 points, while Amazon.com Inc., Meta and Apple Inc. rounded out the top five. Tesla Inc.

An equal-weight version of the S&P, which makes no distinction between the size of the companies, has trailed the version that is weighted by market value by 10 percentage points since the beginning of January. That is the widest underperformance in the first six months of the yCompanies outside of tech may juice the next leg higher for stocks, according to Jim Paulsen, a well-known stock strategist who correctly called the S&P’s double-digit rise last year.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Where Stock Market Is Headed After Wild First Half: Five ChartsA boom in artificial intelligence fueled a blistering first half for the US stock market, and traders expect to see the same — and more — in the remainder of the year.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »

Stock market today: S&P 500, Nasdaq hover near records as Nvidia becomes most valuable stockTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stock market today: Stock futures tumble as record-setting rally coolsInvestors are eyeing political turmoil in France as uncertainty about rate cuts dogs the market.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stock market educator: meme stock trading is irresponsibleQuattro Securities Trader and 'Einstein of Wall Street' Peter Tuchman is one of the most well-know people on the floor of the New York Stock Exchange. And...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Nvidia stock crosses $3 trillion market cap, overtakes Apple as second-largest co. in US marketNvidia stock rises to another record high as the AI trade continues to dominate markets.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stock market today: Wall Street slips ahead of job market dataNEW YORK (AP) — U.S. stocks drifted lower as investors await a trove of labor market data this week. The S&P 500 fell 0.2% in early trading Tuesday. The Dow Jones Industrial Average fell 148 points, and the Nasdaq slipped 0.1%.
Källa: SooToday - 🏆 8. / 85 Läs mer »