S&P 500 Hits 57 All-Time Highs In Record-Breaking 2024: Magnificent 7 Drive 30% Of Nasdaq's Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 25 2024
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Source: Benzinga
2024 Market Performance: The U.S. stock market has experienced significant growth in 2024, with the S&P 500 reaching 57 new all-time highs and a year-to-date increase of 25.96%, while the Nasdaq 100 rose by 29.98%.
Sector Highlights: Communication services, consumer discretionary, and technology sectors led gains, with Palantir Technologies being the top performer in the S&P 500, surging 386.67% year-to-date as of December 23.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
