Reported 4 days ago
U.S. stock index futures continue their bull run in the final trading session of 2024, driven by a robust economy post-pandemic, significant rate cuts by the Federal Reserve, and a surge in technology stocks fueled by artificial intelligence. With the S&P 500, Dow, and Nasdaq nearing record highs, the market has experienced a strong year, particularly in tech and consumer sectors. Despite some late-year turbulence, traders remain optimistic about future rate cuts, especially following Donald Trump's presidency, which has favored small-cap and banking stocks. Additionally, cryptocurrency stocks have seen substantial gains as bitcoin prices soar.
Source: YAHOO