The S&P 500 is set to gain over 20% this year after rising 24% in 2023.
Investors were bullish on strong earnings growth for tech companies, and stocks surged following President-elect Donald Trump’s reelection in November.
The combination of the Fed beginning to cut rates and strong economic growth boded well for US equities.
S&P 500 index: US tech companies had a standout year and drove the S&P 500 more than 20% higher.
Gold also had a notable year, rising by more than 26% and on track to just outpace the S&P 500.
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