The Stock Market Is on Track to Do Something It Hasn't Done Since the Dot-Com Bubble in 1998. Here's What Might Happen Next.

The S&P 500 (SNPINDEX: ^GSPC) is sitting on a gain of 28% in 2024, which follows a 26% return in 2023. Back-to-back annual gains of at least 25% have only happened once since the S&P 500 was established in 1957. The index rose by 33% in 1997 and then by 29% in 1998, fueled by the dot-com bubble, which drove stock valuations to dizzying heights. There is nowhere near as much exuberance in the stock market today, but the technology sector is driving the S&P higher once again thanks to emerging themes like artificial intelligence (AI). If the index does end 2024 with a gain of at least 25%, here's what history suggests could happen next.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool