Nasdaq 100, Dow Jones, S&P 500 News: Will AI Stocks Continue to Feed the Bull?
From FX Empire: 2024-05-27 10:44:00
The bull market relies on mega-cap tech stocks and growth sectors, especially AI. The S&P 500 heavily weights tech, communication services, and consumer discretionary sectors. Even with potential tech stock volatility, the long-term growth potential of AI is promising. Sectors like financial services, healthcare, automotive, and manufacturing should benefit from AI-driven productivity gains, making diversification important. We are about 1.5 years into the bull market, with the S&P 500 up about 48%, suggesting more room for growth. Overweighting large-cap and mid-cap U.S. equities with a mix of growth and value sectors is recommended as the bull market continues to progress.
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