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As 2024 Ends, the S&P 500 Is Poised to Do Something It Has Only Done 6 Times Before. Here's My Plan.


Published on 2024-12-17 07:01:13 - Yahoo Finance
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  • The S&P 500 (SNPINDEX: ^GSPC) has long been the benchmark of performance for many investors. Because it comprises the 500 largest stocks listed on the U.S. index, it tracks companies from multiple industries,

The article from Yahoo Finance discusses the S&P 500's performance as 2024 draws to a close, highlighting its potential to end the year on a high note. Despite facing various economic challenges, including inflation concerns and geopolitical tensions, the index has shown resilience, driven by strong corporate earnings, technological advancements, and expectations of a soft economic landing. The piece notes that the S&P 500 has been buoyed by sectors like technology, with companies like Nvidia and Microsoft leading gains due to AI and cloud computing. Additionally, there's mention of a late-year rally, with investors betting on continued growth into the next year, supported by anticipated Federal Reserve actions to manage interest rates. However, the article also cautions about potential volatility due to upcoming elections and economic policy uncertainties.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/2024-ends-p-500-poised-113000470.html ]