Reported 4 days ago
The S&P 500's rally in 2024 defied expectations, continuing to rise despite widespread forecasts of a modest gain. After a stunning 20% surge in the prior year driven by AI advancements and economic resilience, the index not only surpassed predicted targets but is on track for a 25% gain, marking the strongest consecutive annual performance since the late 1990s. Analysts, who have shifted their outlooks in response to this market momentum, now predict further growth, influenced by a favorable economic environment and optimism surrounding tech stocks.
Source: YAHOO