Stock market today: AI frenzy leads stocks to rip-roaring first half of 2024
Stock market today: AI frenzy leads stocks to rip-roaring first half of 2024
https://finance.yahoo.com/news/stock-market-today-ai-frenzy-leads-stocks-to-rip-roaring-first-half-of-2024-133047223.html
Summary
Certainly! Here are the key takeaways from the article "Stock market today: AI frenzy leads stocks to rip-roaring first half of 2024":[^1^][1]
- Record-breaking performance: Wall Street had a strong first half of 2024, with the S&P 500 climbing nearly 15% and the Nasdaq Composite up almost 19% year-to-date[^2^][2].
- AI's impact: AI stocks, including Nvidia (NVDA), played a significant role in driving the market rally. Nvidia's shares surged 150% this year.
- Potential risks: Despite the strong performance, concerns remain about potential pullbacks, especially given recent wobbles in AI-related stocks.
- Political impact: Investors are also monitoring the US election, with President Joe Biden's weak debate performance affecting certain stocks, such as Trump Media & Technology Group (DJT).