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Headline : AI and the Fed powered stocks to new highs to start 2024

Read more from the original article on here at qz.com.




Tags : #ai #fed #powered #stocks #new #highs #start #2024


No. of Paragraph 22

The market saw a quiet end on Thursday to very not quiet first quarter of 2024, with all three major stock indexes either up or down slightly on the day. Markets are closed on Friday for the Good Friday holiday.

But the muted finish obscured a quarter of growth.

The first quarter of 2024 was fruitful for investors, as the Dow Jones Industrial Average, the S&P 500, and the Nasdaq all reached new peaks on the same day, March 20. The Dow almost crossed the 40,000 mark for the first time.

The Dow is up 5.5% so far in 2024, while the S&P 500 has gained 10.8% and the Nasdaq 10.9%. It was the S&P 500's best start to a year since 2019.

Read more from the original article on here at qz.com.


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