From Nasdaq:

Breaking news! The S&P 500 has officially entered a new bull market after closing at an all-time high on Friday. This is a 35% jump since October 2022. The Dow Jones added 395.19 points, and the Nasdaq Composite had the biggest win, increasing 1.70%.

The smaller, more tech-focused Nasdaq-100 gained 1.95% to hit a record high, with the tech sector adding 2.35% in one day and netting over 4% returns during the trading week. Thanks to the “Magnificent Seven” stocks, the major averages are now positive in 2024, and their popularity stems from exposure to high-growth technologies.

The seven mega-cap tech giants are expected to continue leading markets in 2024, collectively amassing a market capitalization of over $10 trillion. Investors have high hopes for the market’s recovery, with all eleven S&P 500 sectors gaining an average of 5%.

After a short-lived market pullback at the start of 2024, investors are now eagerly acquiring various assets. U.S. consumer sentiment improved in January, reflecting growing optimism about inflation and jobs data. These positive economic signs support economists’ views that the Federal Reserve may cut interest rates in the first quarter.

With growing consumer sentiment and optimistic market trends, there are clear signs that the new bull market is here to stay. Staying invested is recommended as the best way to profit in this market.



Read more: New Bull Market: Profiting From the ‘Everything Rally’