Stock Market Performance in 2024

SOURCE apnews.com
The S&P 500 is expected to close 2024 with a gain of nearly 27%, driven by the artificial-intelligence business. While the economy is still growing, there are concerns about the stock market being too expensive and overdue for a correction.

Key Points

  • Market driven by artificial-intelligence sector
  • Economy still growing but concerns about stock market valuation
  • Historical precedence of market corrections after extended bullish periods

Pros

  • S&P 500 is on track to close 2024 with a significant gain of nearly 27%
  • Artificial-intelligence companies like Nvidia and Super Micro Computer have seen substantial growth

Cons

  • Concerns about the stock market being too expensive
  • No significant drawdown in the S&P 500 this year, which historically precedes corrections