Stocks Surge to New Highs to Start 2024
The 2023 rally continued in the first quarter of 2024 as a positive combination of stable economic growth, falling inflation, impending Fed rate cuts and ever-growing enthusiasm towards artificial intelligence (AI) propelled stocks higher, as the S&P 500 rose above 5,000 for the first time and hit new all-time highs.
The year began with a modest uptick in volatility, as traders and investors initially booked profits following the strong 2023 gains.
