Reported 12 months ago
The US stock market performed strongly in the first half of the year but ended sluggishly on the last trading day, indicating potentially unfavorable trends ahead. The S&P 500 Index rose by 14.5% in the first half of the year, setting a record high, albeit driven mostly by tech giants like Nvidia, Microsoft, Amazon, Meta, and Apple, sparking concerns about lack of breadth in the market. Despite this, indices like the Nasdaq Composite and Dow Jones Industrial also saw gains. Factors like Trump's potential return to the White House are causing investors to readjust their strategies, especially in light of Biden's lackluster debate performance raising expectations for Trump's re-election.
Source: YAHOO