Why Stocks Are Soaring in 2024: Key Insights
Thursday, 26 September 2024, 09:45
Key Performance Metrics for 2024
The stock market has experienced a blistering bull run since October 2022, with significant gains observed this year. The S&P 500 is on track to achieve a 20%-plus return for its second straight year, a rare feat in financial history.
Current Index Performance
- S&P 500: Up 20.2% year-to-date, marking its best first nine months since 1997.
- Dow Jones Industrial Average: Up 11.8%, on pace for its best performance since 2019.
- Nasdaq Composite: Up 20.6% YTD, targeting a strong performance compared to 2023.
- Russell 2000: Up 8.9%, holding its ground with significant gains since 2021.
Historical patterns indicate that stocks may continue this upward trajectory in the fourth quarter, as the final months often yield stronger returns.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.