06.10.2024 00:02:00
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The S&P 500 Just Did This for the First Time in 27 Years. Here's What History Says Happens Next.
The S&P 500 (SNPINDEX: ^GSPC) is the most widely followed benchmark of the stock market in the U.S., encompassing the 500 largest companies in the country. Thanks to its broad base of component companies, it is considered to be the most reliable gauge of overall stock market performance.The index has been firmly in rally mode since the start of last year, driven higher by the artificial intelligence (AI) boom, an improving economy, and -- most recently -- the Federal Reserve Bank's decision to begin its long-awaited campaign of interest rate cuts. These factors represent a trifecta of drivers to propel the ongoing stock market rally.In fact, the S&P 500 just generated its best January-through-September returns since 1997. History suggests there's more to come.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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