S&P 500 Index closes near record high, on track for 9th week of gains; top stocks driving rally in 2023 and Q4-2023 are NVIDIA, Meta Platforms, CrowdStrike, Advanced Micro Devices and Palo Alto Networks
Wall Street is navigating another quiet session characterized by low trading volumes in the post-holiday period. The S&P 500 index continues its gradual ascent toward retesting its all-time highs, edging up by just 0.1% as of midday trading in New York.
SPDR S&P 500 ETF Trust poised to become first ETF to reach half a trillion dollars in assets under management (AUM), driven by robust market performance & unprecedented inflows from investors.
One of the hottest investment topics of 2024 is likely to be whether Elon Musk's SpaceX will spin off its Starlink satellite launch services business - an IPO that would likely garner massive support.
The traditional 60/40 investment portfolio recorded 13% growth in 2023, its third-best year since 2008. Investors ponder if favorable conditions in H2 of 2023 will continue in 2024.